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by the first price auction. Our design also allows us to identify differential participation as the source of the … empirically, about the properties of charity auctions. The small theoretical literature suggests that the all-pay auction should … garner more money than winner-pay auctions. We conduct field experiments to test which sealed bid format, first price, second …
Persistent link: https://www.econbiz.de/10010271934
investigate several puzzles from the recent auctions literature. Our results suggest that: (1) the reputation of an artist and the … provenance of the artwork, omitted variables in most previous studies, seem to be more important determinants of the sale price … in predicting whether or not an artwork sells at auction, (3) there is little supporting evidence for the widespread …
Persistent link: https://www.econbiz.de/10010268627
bid on prices, but also received points for three proxies of the quality of their services: their reputation, a … scoring weights of the quality items result in higher price bids, particularly of WTW-firms that are bidding for the first … time as entrants. For the WTW-firms that won the procurements, we find a higher weight for both the reputation and the …
Persistent link: https://www.econbiz.de/10010291354
This paper presents a convenient shortcut method for implementing the Heckman estimator of the dynamic random effects probit model using standard software. It then compares the three estimators proposed by Heckman, Orme and Wooldridge based on three alternative approximations, first in an...
Persistent link: https://www.econbiz.de/10005703243
by the first price auction. Our design also allows us to identify differential participation as the source of the … empirically, about the properties of charity auctions. The small theoretical literature suggests that the all-pay auction should … garner more money than winner-pay auctions. We conduct field experiments to test which sealed bid format, first price, second …
Persistent link: https://www.econbiz.de/10005762357
that never yield an efficient allocation. Moreover, our results extend the efficiency of auction mechanisms to an …
Persistent link: https://www.econbiz.de/10010261761
We investigate the emergence of discrimination in an experiment where individuals affiliated to different groups compete for a monetary prize, submitting independent bids to an auctioneer. The auctioneer receives perfect information about the bids (i.e. there is no statistical discrimination),...
Persistent link: https://www.econbiz.de/10010282262
Netherlands. First we estimate structural discrete-choice models for labour supply. Next we simulate key past reforms and compare …
Persistent link: https://www.econbiz.de/10012180085
We compare reported job satisfaction with vignette evaluations of hypothetical jobs by using a British, Greek and Dutch data set, containing 95 randomly assigned vignettes. In order to test comparability of international data sets recently the method of anchoring vignettes has been introduced by...
Persistent link: https://www.econbiz.de/10010282497
Nonparametric techniques are usually seen as a statistic device for data description and exploration, and not as a tool for estimating models with a richer economic structure, which are often required for policy analysis. This paper presents an example where nonparametric flexibility can be...
Persistent link: https://www.econbiz.de/10010262417