The effect of transaction costs on double auction markets

Article Abstract:

The presence of tax reduces the number of offers and increases the size of the average offer. The number of offers decreases over time, with or without the offer cost. Transaction cost moves prices and quantity exchanged farther from the monopoly level and nearer competitive levels. The transaction cost may increase gains from trade under monopoly because of the increased volume of trade and erosion of monopoly power originating from the tax.

Marketing Management, Auctions

---

Bidding behavior in the price is right game: an experimental study

Article Abstract:

An experimental test of a bidding game identical to the one seen on the television game show ' the price is right' is presented. It is shown that the patterns of suboptimal behavior in the experiment data are consistent with field data from the actual game show.

Letting of contracts, Competitive bidding, Pricing policies

---

Similar abstracts:

• Abstracts: The effect of macroeconomic variables on economic growth rates: a cross-country study. Employment determination in macroeconomic models: some empirical evidence
• Abstracts: Transaction costs and corporate greenmail: theory, empirics and a Mickey Mouse case study. Demand shocks, advance production and market power: some lessons about markets from the laboratory
• Abstracts: The trouble with stock options. Transportation costs and international trade in the second era of globalization
• Abstracts: Effects on beneficiaries of the "monetization" of privileges in Russia: initial experience in Saratov Oblast. Preparation of a program to support social reforms
• Abstracts: Transparency of information and coordination in economies with investment complementarities. Returns to education: evidence from U.K. twins

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.