Browsing 14 Economics by Author "Wooders, John"

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Browsing 14 Economics by Author "Wooders, John"

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  • Reynolds, S S; Wooders, John (Springer, 2009)
    eBay and Yahoo allow sellers to list their auctions with a buy price at which a bidder may purchase the item immediately. On eBay, the buy-now option disappears once a bid is placed, while on Yahoo the buy-now option remains ...
  • Moreno Ruiz, Diego; Wooders, John (Wiley-Blackwell, 2011)
    If bidders have independent private values and homogeneous entry costs, a first- or second-price auction with a reserve price equal to the seller's value maximizes social surplus and seller revenue. We show that if entry ...
  • Garratt, R J; Walker, Mark; Wooders, John (Springer, 2012)
    We report on sealed-bid second-price auctions that we conducted on the Internet using subjects with substantial prior experience: they were highly experienced participants in eBay auctions. Unlike the novice bidders in ...
  • Amir, R; Wooders, John (Springer-Verlag Wien, 1998)
    We consider a model in which firms first choose process R&D expenditures and then compete in an output market. We show the symmetric equilibrium under R&D competition is sometimes unstable, in which case two asymmetric ...
  • Moreno Ruiz, Diego; Wooders, John (Wiley-Blackwell, 2010)
    In markets with adverse selection, only low-quality units trade in the competitive equilibrium when the average quality of the good held by sellers is low. We show that under decentralized trade, however, both high-and ...
  • Wooders, John (Wiley-Blackwell, 2010)
    Does expertise in strategic behavior obtained in the field transfer to the abstract setting of the laboratory? Palacios-Huerta and Volij (2008) argued that the behavior of professional soccer players in mixed-strategy games ...
  • Amir, R; Wooders, John (M I T Press, 1999)
    With one-way spillovers, the standard symmetric two-period R & D model leads to an asymmetric equilibrium only, with endogeneous innovator and imitator roles. We show how R & D decisions and measures of firm heterogeneity-market ...
  • Garratt, R J; Wooders, John (Springer, 2010)
    Experiments on second-price sealed-bid private value auctions have established that subjects typically bid more than their value, despite the fact that value bidding is a dominant strategy in such auctions. Moreover, the ...
  • Wooders, John (Springer, 1997)
    We show that a profit maximizing monopolistic intermediary may behave approximately like a Walrasian auctioneer by setting bid and ask prices nearly equal to Walrasian equilibrium prices. In our model agents choose to ...
  • Walker, M; Wooders, John; Amir, R (Academic Press Inc Elsevier Science, 2011)
    We study two-person extensive form games, or "matches," in which the only possible outcomes (if the game terminates) are that one player or the other is declared the winner. The winner of the match is determined by the ...
  • Moreno Ruiz, Diego; Wooders, John (Academic Press Inc, 1998)
    This paper reports the results of an experiment designed to test the usefulness of alternative solution concepts to explain players' behavior in noncooperative games with preplay communication. In the experiment subjects ...
  • Wooders, John (Springer Verlag, 1998)
    We show that the equilibrium of a matching and bargaining model of a market in which there is a finite number of agents at each date need not be near the equilibrium of a market with a continuum of agents, although matching ...
  • Walker, M; Wooders, John (Amer Economic Assoc, 2001)
    We develop a test of the minimax hypothesis using field data from championship professional tennis matches, and we find that win rates in the serve and return play of top professional tennis players are consistent with ...
  • Amir, R; Evstigneev, I; Wooders, John (Academic Press Inc Elsevier Science, 2003)
    This paper deals with a general version of a two-stage model of R&D and product market competition. We provide a thorough generalization of previous results on the comparative performance of noncooperative and cooperative ...
  • Amir, R; Wooders, John (Academic Press Inc, 2000)
    We consider a two-period duopoly characterized by a one-way spillover structure in process R&D and a very broad specification of product market competition. We show that a priori identical firms always engage in different ...
  • Wooders, John; Shachat, J M (Academic Press Inc, 2001)
    We study equilibrium and maximin play in supergames consisting of the sequential play of a finite collection of stage games, where each stage game has two outcomes for each player. We show that for two-player supergames ...
  • Moreno Ruiz, Diego; Wooders, John (Academic Press Inc Elsevier Science, 2002)
    We characterize the dynamics of trading patterns and market composition when trade is bilateral, finding a trading pat trier is costly, prices arc determined by bargaining, and preferences are private information. We show ...
  • Houser, Daniel; Wooders, John (Blackwell Publishing, 2006)
    Employing a procedure suggested by a simple theoretical model of auctions in which bidders and sellers have observable and heterogenous reputations for default, we examine the effect of reputation on price in a data set ...