I study the effect of secret and public reserve prices on the seller’s revenue. In particular, I analyze the data from eBay auctions on tractors to estimate the extent of this effect. The analysis helps to explain the following empirical facts from Ebay auctions: multiple relisting of similar...

I study a hybrid bargaining model with an English auction in each state. The seller uses auctions to extract information about the bidders’ values of the object on sale. The bargaining element is introduced to maximize revenue, since the winning bidder has to exceed not only the second-highest...

Asian‐Basket‐type moving‐window contracts are an increasingly used risk‐management tool in the North American hog sector. The moving‐window contract is decomposed into a portfolio of a long Asian‐Basket put and a short Asian‐Basket call option. A projected break‐even price is...

The success of reducing carbon emissions from deforestation and forest degradation depends on the design of an effective financial mechanism that provides landholders sufficient incentives to participate and provide additional and permanent carbon offsets. This paper proposes self-enforcing...

We study postpartum decisions about paid work and breastfeeding using a simultaneous equations model. For our sample of higher socioeconomic status mothers, we find a joint decision process for three sets of decisions modeled: work leave duration and duration of any, as well as of exclusive,...