If all potential buyers participate in a first-price auction, then (theoretically) the auction price weakly exceeds the price placed by the seller under a posted-price mechanism. However, it is documented that in the online sellers prefer posted-price mechanism to auction. We aim to explain this...

This paper formulates a model of the optimal export decision of private firms and then empirically studies the effect of firm size, R&D activities, competitiveness and trade policies on export performance of Indian private firms during the period 1975–1986. India practised restrictive trade...