In this paper, we study an auction where bidders only know the number of potential applicants. After seeing their values for the object, bidders decide whether or not to enter the auction. Players may not want to enter the auction since they have to pay participation costs. We characterize the...

This paper discusses the economics of academic journal publishing. It presents data on pricing of journals to libraries by non-profit and commercial publishers. It advocates the view that scholars should refrain from doing free refereeing for overpriced journals.

About 80\% of all societies recorded by anthropologists are polygynous (men have many wives). Even our own society is less monogamous than claimed. This paper attempts to explain such mysteries as why bride prices and dowries are not ``opposites'', why polygamous societies are usually...

We have found several propositions in the economics of information which depend on the log of the cumulative distribution distribution of a random variable being a concave function. In this paper we present several theorems and applications of the property of log-concavity.

In this note I show that pratically any increasing function is the equilibrium bidding function of a symmetric first-price auction. It is like a Sonnenschein-Mantel-Debreu for auctions