Publikationen des Forschungsbereichs Marktdesign

  1. ZEW Discussion Paper Nr. 17-073 // 2017

    Intermediation in Peer-to-Peer Markets: Evidence from Auctions for Personal Loans

    I examine the role of intermediaries on the world's largest peer-to-peer online lending platform. This marketplace as well as other recently opened lending websites allow people to auction microcredit over the…

  2. ZEW Discussion Paper Nr. 17-057 // 2017

    Preferences and Decision Support in Competitive Bidding

    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 due…

  3. ZEW Discussion Paper Nr. 17-056 // 2017

    Contract (Re-)Negotiation with Private and Common Values

    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…