After the Montreal Protocol in 1989, countries agreed to reduce their ozone-depleting substances (ODS) emissions to improve environmental conditions by reducing UV radiation from our planet's surface. The policies to control ODS have influenced how countries' industries produce, ergo affecting...

Renegotiation is a common practice in procurement auctions which allows for post-auction price adjustments and is nominally intended to deal with the problem that sellers might underestimate the eventual costs of a project during the auction. Using a combination of theory and experiments, we...

Renegotiation is a common practice in procurement auctions which allows for post-auction price adjustments and is nominally intended to deal with the problem that sellers might underestimate the eventual costs of a project during the auction. Using a combination of theory and experiments, we...