“...When complex procurement projects are conducted, it is often not possible to write complete contracts. As a consequence, the relationship between buyer and...”

“...In competitive common value adverse selection markets, existence of a pure strategy equilibrium is often justified by appealing to Wilson’s (J Econ Theory...”

“...We compare two commonly used mechanisms in public procurement: auctions and negotiations. The execution of the procurement mechanism is delegated to an agent...”

“...We analyze the classic moral hazard problem with the additional assumption that agents are inequity averse. The presence of inequity aversion alters the...”

“...Riley (1979)’s reactive equilibrium concept addresses the problem of equilibrium existence in competitive markets with adverse selection. The game-theoretic...”

“...•Insurance fraud model with ambiguity-averse policyholders.•Insurers can choose between commitment and ambiguity about audits.•Insurers avoid commitment and...”

“...We compare the effects of information acquisition during a descending auction with its static counterpart, the first-price sealed-bid auction. In a framework...”

“...Liberalization of network industries frequently separates the network from the other parts of the industry. This is important in particular for the electricity...”

“...In this article we experimentally investigate reverse multi-unit Dutch auctions in which bidders compete to sell their single unit to a buyer who wants to...”

“...We study the impact of internal decision-making structures on the stability of collusive agreements. To this end, we use a three-firm spatial competition model...”