Suchergebnisse

The Mabo decision in the high court in June 1992 resolved a 10 year legal battle in favour of a group of Torres Strait Islanders who claimed to own their island under `native title'. The high court recognised this and outlined the grounds for first peoples to claim back their lands under customary title. Outlines the political repercussions that followed and continue to run.

The fascinating behind the scenes story of the brash Aussie technology start up that changed the way a whole generation around the world does their shopping.

We report results from an experiment on two‐unit sequential auctions with and without a buyer's option (which allows the winner of the first auction to buy the second unit). The four main auction institutions are studied. Observed bidding behavior is close to Nash equilibrium bidding in the auctions for the second unit, but not in the auctions for the first unit. Despite these deviations, the buyer's option is correctly used in most cases. The revenue ranking of the four auctions is the same as in single‐unit experiments. Successive prices are declining when the buyer's option is available.