Incentive roles of fringe benefits in compensation contracts
In: Journal of economics, Band 65, Heft 2, S. 181-199
ISSN: 1617-7134
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In: Journal of economics, Band 65, Heft 2, S. 181-199
ISSN: 1617-7134
In: Journal of economics, Band 59, Heft 2, S. 149-166
ISSN: 1617-7134
In: The economic journal: the journal of the Royal Economic Society, Band 129, Heft 622, S. 2563-2580
ISSN: 1468-0297
AbstractA standard result in auction theory is that a seller's profit-maximising reserve price is no less than his own value for the good. In practice, however, reserve prices often appear to be less than sellers' values. This article revisits the theory of optimal reserves in the context of second-price auctions. The main result is that an optimal reserve is less than the seller's value if the bidders are sufficiently risk averse and if their values are sufficiently interdependent. The resulting outcome may approximate that of an auction without reserve, i.e., an absolute auction.
In: The economic journal: the journal of the Royal Economic Society, Band 128, Heft 610, S. 1235-1256
ISSN: 1468-0297
In: China economic review, Band 20, Heft 4, S. 703-716
ISSN: 1043-951X
In: China economic review: an international journal
ISSN: 1043-951X
World Affairs Online
In: WIDER working papers, 150
World Affairs Online
In: Comparative economic studies, Band 41, Heft 2-3, S. 151-179
ISSN: 1478-3320
In: Tinbergen Institute Discussion Paper 14-015/I
SSRN
Working paper
In: Materials and design, Band 221, S. 110894
ISSN: 1873-4197
In: EGYR-D-24-03277
SSRN
In: Environmental science and pollution research: ESPR, Band 31, Heft 36, S. 49141-49155
ISSN: 1614-7499
In: Ecotoxicology and environmental safety: EES ; official journal of the International Society of Ecotoxicology and Environmental safety, Band 288, S. 117379
ISSN: 1090-2414
In: Ecotoxicology and environmental safety: EES ; official journal of the International Society of Ecotoxicology and Environmental safety, Band 277, S. 116362
ISSN: 1090-2414