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In the past 15 years, governments around the world have often used auctions to sellscarce licenses to operate in markets. In many of these auctions, the number of interestedcompetitors is relatively small compared to the number of available licenses. Auctiondesign is crucial in such...
Persistent link: https://www.econbiz.de/10009460353
This thesis includes two essays. Essay 1 analyzes the diffusion process of a cost-reducing technology innovation within an industry. Two factors generate the diffusion. The first factor is the gently declining production cost with the innovation, which makes technology adoption more profitable...
Persistent link: https://www.econbiz.de/10009430520
Contests are economic or social interactions in which two or more players expend costly resources in order to win prize(s). The resources expended by players determine their probability of winning a prize. This dissertation investigates theoretical and experimental applications of Contest theory...
Persistent link: https://www.econbiz.de/10009430753