In this paper, we propose an alternative methodology for devising revenue-maximizing
strategic bids under uncertainty in the competitors' bidding strategy. We focus on markets …

Aggregate art price patterns mask a lot of underlying variation—both in the time series and
in the cross-section. We argue that, to increase our understanding of the market for …

Across a variety of products and services, this research investigates whether self-decided
prices (which the consumer selects to pay) influence product expectations, similarly to the …

We argue that extrapolative expectations drive boom–bust cycles in the postwar art market.
Price run-ups coincide with increases in demand fundamentals but are followed by …

The fact that value shares outperform glamour shares in the long term has been known for
over 50 years. Why then do glamour shares remain popular? The price-earnings (P/E) ratio …

The purpose of study is to examine the association between one's past borrowing
experience and borrowing decisions in a hypothetical survey scenario. A total of 1928 …

We provide evidence of anchoring effects from the sealed-bid auctions of vehicle plates in
Macao. Vehicle plates are homogeneous in use value and differ only in character and …

This paper investigates two hitherto unexplored dimensions inherent in online sequential
auctions, namely, how the time elapsed between the end of an auction and the end of the …

The presence of financial constraints changes traditional auction theory predictions. In the
case of multiple items, such constraints may affect revenue equivalence and efficiency of …

Passion investment (eg, paintings, sculptures, non-fungible tokens [NFTs]) are not based on
straightforward valuations. To establish the valuation of collectible NFTs in the nascent …