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We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary testosterone, estradiol, progesterone, and cortisol in more than 200 subjects. Females bid significantly higher and earn significantly lower profits than males. Moreover,...
Persistent link: https://www.econbiz.de/10009544159
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we … collected information on the female participants' menstrual cycles. We find that women bid significantly higher than men in …
Persistent link: https://www.econbiz.de/10003878997
We analyze subjects' eye movements while they make decisions in a series of one-shot games. The majority of them perform a partial and selective analysis of the payoff matrix, often ignoring the payoffs of the opponent and/or paying attention only to specific cells. Our results suggest that...
Persistent link: https://www.econbiz.de/10009709528
We study a consumer non-sequential search oligopoly model with search cost heterogeneity. We first prove that an …
Persistent link: https://www.econbiz.de/10010325345
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish …
Persistent link: https://www.econbiz.de/10013362001
and generic drugs within and across therapeutic classes. We use data on antiulcer drugs from 1991 to 2010. Our simulations …
Persistent link: https://www.econbiz.de/10010250679
The debate on whether COVID-19 vaccine patents are slowing down the pace of vaccination and the recovery from the crisis has brought the optimal design of pharmaceutical patent policy to the fore. In this paper we evaluate patent policy in the US pharmaceutical industry. We estimate the effect...
Persistent link: https://www.econbiz.de/10012802183
This note considers a bargaining environment with two-sided asymmetric information and quasilinear preferences in which …
Persistent link: https://www.econbiz.de/10010373494
Persistent link: https://www.econbiz.de/10001624146
in the US airline industry. Our results are based on the estimation of a dynamic oligopoly game of network competition … using data from the Airline Origin and Destination Survey with information on quantities, prices, and entry and exit … the problem of multiple equilibria when implementing counterfactual experiments. Our empirical results show that the most …
Persistent link: https://www.econbiz.de/10012706994