Marcel Mauss schrieb 1924, er habe in den Motiven des „archaischen“ Gabentauschs vormoderner Gesellschaften „einen der Felsen gefunden, auf denen unsere Gesellschaften ruhen“ (Mauss, 1990, S.19). Gabenpraktiken…
We study the relative performance of the first-price sealed- bid auction, the second-price sealed-bid auction, and the all-pay sealed-bid auction in a laboratory experiment where bidders can signal…
We analyze the problem of a buyer who purchases a long-term project from one of several suppliers. A changing state of the world influences the costs of the suppliers. We distinguish between complete…
