We study the effects of improvements in market transparency on eBay on seller exit and continuing sellers' behavior. An … improvement in market transparency by reducing strategic bias in buyer ratings led to a significant increase in buyer valuation … the latter because of lower cost. Increasing market transparency improves on market outcomes. …

, but the relative contribution of the two types of market turns out to be highly unstable, especially for the most deferred …. -- cointegration ; oil market ; futures prices ; price discovery …

This paper presents a market with asymmetric information where a privately revealing equilibrium obtains in a …

This paper studies the design of tax systems that implement a planner's second-best allocation in a market economy. An … identified classes, the planner may need to restrict the choice space of agents to implement its second best in the market. This …

It has long been argued that the implementation of market-based environmental policy instruments such as … the benefits of (some) market-based instruments can also be true of well-designed performance standards. While the … aspects of product and labour market regulation which have implications for technological innovation, such as product and …