Now showing items 1-6 of 6
On the failure of monotonicity in uniform-price auctions
(Journal of Economic Theory, 2007-11-01)
Except for well-studied special cases in which bidders have single-unit demand or bidders are risk-neutral with independent private values, equilibria of uniform-price auctions with private values need not possess familiar ...
Entry and competition in generic biologics
(Managerial and Decision Economics, 2007-06-01)
Patents for several blockbuster biological products are expected to expire soon. The Food and Drug Administration is examining whether biologies can and should be treated like pharmaceuticals with regard to generics. In ...
Uniqueness in symmetric first-price auctions with affiliation
(Journal of Economic Theory, 2007-09-01)
The first-price auction has a unique monotone pure strategy equilibrium when there are n symmetric risk-averse bidders having affiliated types and interdependent values. © 2006 Elsevier Inc. All rights reserved.
Credible sales mechanisms and intermediaries
(American Economic Review, 2007-03-01)
We consider a seller who faces several buyers and lacks access to an institution to credibly close a sale. If buyers anticipate that the seller may negotiate further, they will prefer to wait before making their best and ...
Economic return of clinical trials performed under the pediatric exclusivity program.
CONTEXT: In 1997, Congress authorized the US Food and Drug Administration (FDA) to grant 6-month extensions of marketing rights through the Pediatric Exclusivity Program if industry sponsors complete FDA-requested pediatric ...
Open access in a spatially delineated artisanal fishery: The case of Minahasa, Indonesia
(Environment and Development Economics, 2007-02-01)
The effects of economic development on the exploitation of renewable resources are investigated in settings where property rights are ill defined or not enforced. This paper explores potential conservation implications from ...