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Information Transmission within Federal Fiscal Architectures : Theory and Evidence
Dreher, Axel; Gehring, Kai; Kotsogiannēs, Chrēstos; … - 2016
This paper explores the role of information transmission and misaligned interests across levels of government in explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal-agent framework, it analyzes two alternative...
Persistent link: https://www.econbiz.de/10014153753
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Information Transmission within Federal Fiscal Architectures : Theory and Evidence
Dreher, Axel - 2013
This paper explores the role of information transmission and misaligned interests across levels of government in explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal-agent framework, it analyzes two alternative...
Persistent link: https://www.econbiz.de/10013075612
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Information transmission within federal fiscal architectures : theory and evidence
Gehring, Kai; Kotsogiannēs, Chrēstos; Marchesi, Silvia - 2013
This paper explores the role of information transmission and misaligned interests across levels of government in explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal-agent framework, it analyzes two alternative...
Persistent link: https://www.econbiz.de/10010126407
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Late and multiple bidding in second price Internet auctions : theory and evidence concerning different rules for ending an auction
Ockenfels, Axel; Roth, Alvin E. - 2003
their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … show that sniping in a fixed deadline auction can occur even at equilibrium in auctions with private values, as well as in … that apply the automatic extension rule. The strategic differences in the auction rules are reflected in the field data …
Persistent link: https://www.econbiz.de/10011508091
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Gendered prices
Adams, Renée; Kräussl, Roman; Navone, Marco; … - 2021
We provide evidence that culture is a source of pricing bias. In a sample of 1.9 million auction transactions in 49 …
Persistent link: https://www.econbiz.de/10012520374
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Auction Format Matters : Evidence on Bidding Behavior and Seller Revenue
Feldman, Robert A. - 2006
This paper evaluates the importance of auction format on bidding behavior and seller revenue, focusing on differences …
Persistent link: https://www.econbiz.de/10012781908
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CDS Auction Prices and Recovery Rates – Price Difference from the Counterparty Risk
Kolev, Mihail - 2015
(market-based recovery) and the corresponding final CDS auction prices (auction-based recovery) during the CDS auction day for … the period of 2008-2015. The counterparty risk is measured by the changes before and after the auction day in the weighted … before the auction day are able to explain the variation of the final CDS auction prices – the auction-based recoveries …
Persistent link: https://www.econbiz.de/10013012337
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Late and Multiple Bidding in Second Price Internet Auctions : Theory and Evidence Concerning Different Rules for Ending an Auction
Ockenfels, Axel; Roth, Alvin E. - 2021
their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … show that sniping in a fixed deadline auction can occur even at equilibrium in auctions with private values, as well as in … that apply the automatic extension rule. The strategic differences in the auction rules are reflected in the field data …
Persistent link: https://www.econbiz.de/10013319851
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M&A operations: further evidence of informed trading in the CDS market
Silva, Paulo Pereira da; Vieira, Isabel; Vieira, Carlos - In: Journal of multinational financial management 32/33 (2015), pp. 116-130
Persistent link: https://www.econbiz.de/10011540122
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Information Transmission and Ownership Consolidation in Aid Programs
Dreher, Axel - 2017
We investigate the degree of leeway donors of foreign aid should grant to recipient governments when their preferences over how to implement the aid are different, and both the donor and recipient possess some private information about the most effective policies. Intuitively, our model shows...
Persistent link: https://www.econbiz.de/10012965388