Zobrazeno 1 - 10 of 30 pro vyhledávání: '"Marco Pagnozzi"'
1
Projection of Private Values in Auctions
Autor: Marco Pagnozzi, Tristan Gagnon-Bartsch, Antonio Rosato
Publikováno v: American Economic Review. 111:3256-3298
We explore how taste projection—the tendency to overestimate how similar others’ tastes are to one’s own—affects bidding in auctions. In first-price auctions with private values, taste projection leads bidders to exaggerate the intensity of c
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::890463c1d244020718d033b53a713d0d
https://doi.org/10.1257/aer.20200988
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3
Vertical Contracting with Endogenous Market Structure
Autor: Markus Reisinger, Salvatore Piccolo, Marco Pagnozzi
A manufacturer chooses the optimal retail market structure and bilaterally and secretly contracts with each (homogeneous) retailer. In a classic framework without asymmetric information, the manufacturer sells through a single exclusive retailer in o
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d350af4b2eedb8fd92fd0204cb48ee5b
http://hdl.handle.net/11588/865037
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4
Demand Reduction in Multi‐Object Auctions with Resale: An Experimental Analysis
Autor: Marco Pagnozzi, Krista Jabs Saral
Publikováno v: The Economic Journal. 127:2702-2729
We analyze the effects of different resale mechanisms on bidders’ strategies in multi-object uniform-price auctions with asymmetric bidders. Our experimental design consists of four treatments: one without resale and three resale treatments that va
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5eebf5861c0bf1b848c10588439290d9
https://doi.org/10.1111/ecoj.12392
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5
Entry and Product Variety with Competing Supply Chains
Autor: Marco Pagnozzi, Salvatore Piccolo, Matteo Bassi
Publikováno v: The Journal of Industrial Economics. 64:520-556
We study a model where an endogenous number of competing manufacturers located around a circle contract with exclusive retailers who are privately informed about their costs. The number of brands in the market (determined by the manufacturers’ zero
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::e9ee23499f56c7ac837ebf6d3b726aa8
https://doi.org/10.1111/joie.12107
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6
Auctions with limited liability through default or resale
Autor: Marco Pagnozzi, Krista Jabs Saral
Publikováno v: Journal of Economic Behavior and Organization
Journal of Economic Behavior and Organization, Elsevier, 2019, 159, pp.51-74. ⟨10.1016/j.jebo.2019.01.011⟩
Journal of Economic Behavior and Organization, 2019, 159, pp.51-74. ⟨10.1016/j.jebo.2019.01.011⟩
In auctions where bidders are uncertain of their value and are fully liable for their bids, there exists the potential for losses if bids exceed realized values. Theoretically, bids will be higher if bidders are able to mitigate this downside loss th
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b575d153cbe26dd6123e51a6f67ed6d4
https://halshs.archives-ouvertes.fr/halshs-02010914
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7
Entry by Successful Speculators in Auctions with Resale
Autor: Marco Pagnozzi, Krista Jabs Saral
Publikováno v: Experimental Economics
Experimental Economics, Springer Verlag (Germany), 2019, 22 (2), pp. 477-505. ⟨10.1007/s10683-018-9564-5⟩
Experimental Economics, 2019, 22 (2), pp. 477-505. ⟨10.1007/s10683-018-9564-5⟩
We experimentally analyze the role of speculators, who have no use value for the objects on sale, in auctions. The environment is a uniform-price sealed-bid auction for 2 identical objects, followed by a free-form bargaining resale market, with one p
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d49b1eed70b7779ef950dbdd7c16be3b
http://hdl.handle.net/11588/702892
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8
Product Differentiation by Competing Vertical Hierarchies
Autor: Salvatore Piccolo, Marco Pagnozzi, Matteo Bassi
Publikováno v: Journal of Economics & Management Strategy. 24:904-933
We revisit the choice of product differentiation in the Hotelling model, by assuming that competing firms are vertically separated, and that retailers choose products' characteristics. The “principle of differentiation” does not hold because reta
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::3f5debbddeec4a197e1572f0276e3eca
https://doi.org/10.1111/jems.12115
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9
Selling information to competitive firms
Autor: Jakub Kastl, Salvatore Piccolo, Marco Pagnozzi
Internal agency conflicts distort firms' choices and reduce social welfare. To limit these distortions, principals dealing with privately informed agents often acquire information from specialized intermediaries, such as auditing and certification co
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0b564e130fa2be29b992cdc1e96c976f
http://hdl.handle.net/10446/145173
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10
Contracting with Endogenous Entry
Autor: Salvatore Piccolo, Marco Pagnozzi
We analyze entry in markets where a principal contracts with a privately informed agent. Before learning his production cost, the agent knows his probability of having a low cost --- his ex ante "type" --- and decides whether to pay an entry fee to c
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d08ed5c6c82d7162d7a415ee8aff075a
http://hdl.handle.net/11588/662231
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