We examine bidding behavior in first-price sealed-bid and Dutch auctions, which are strategically equivalent under standard preferences. We investigate whether the empirical breakdown of this equivalence is…
We analyze the contracting problem of a principal who faces an agent with private information and cannot commit to not renegotiating a chosen contract. We model this by allowing the principal to propose new…
In many German cities and towns, the allocation of available nursery school places is largely uncoordinated. This leads to great uncertainty for working parents and considerable administrative work on the part…