Buying frenzies in which a firm intentionally undersupplies a product during its initial launch phase are a common practice within several industries such as electronics (cell phones, video games, game consoles), luxury cars, and fashion goods. We develop a dynamic model of buying frenzies that...

The compensation of a professor who is awarded an internal Canada Research Chair (CRC) increases by 6.3 percent on average in our sample. This gain is large initially but quickly erodes over CRC tenure. The gain is slightly larger for professors who change university to obtain a CRC Chair....

We study opaque selling in the hotel industry using data from Hotwire.com. An opaque room discloses only the star level and general location of the hotel at the time of booking. The exact identity of the hotel is disclosed after the booking is completed. Opaque rooms sell at a discount of 40...

There is little evidence in support of the main economic rationale for regulating athletic doping: that doping reduces fan interest. The introduction of random testing for performance-enhancing drugs (PED) by Major League Baseball (MLB) offers unique data to investigate the issue. The...

Ce rapport est le deuxième d’une série concernant l’évaluation expérimentale d’enchère à prix aléatoires appliquée aux droits d’exploitation de la forêt québécoise et fait suite au « Rapport I : Comparaison d’enchères multiples de premier et de deuxième prix »...

Les modalités associées à l'enchère à enveloppe fermée de premier prix et utilisées jusqu'à maintenant par le Bureau de mise en marché du bois (BMMB) ont été testées expérimentalement par Rondeau, Doyon et Courty (RDC) en 2012. Leurs résultats révèlent l'importance du prix de...

Ce projet a pour objectif de pallier un manque de connaissances quant à l'impact des conditions de marché et de certains paramètres institutionnels sur les prix d'enchère de premier prix. Il s'inscrit dans le cadre de la réforme majeure du régime forestier québécois et de la mise en...

We use the experimental method to study the costs and benefits of allowing joint bidding in simultaneous multi-unit first price sealed bid auctions for bundled goods. The research has immediate applications to the sale of public forest stands that arbor a mixture of species. Joint bidding and...