Alan H Beggs

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We discuss the strong connections between auction theory and ''standard'' economic theory; we show that situations that do not at first sight look like auctions can be recast to use auction-theoretic techniques; and we argue that auction-theoretic tools and intuitions can provide useful arguments and insights in a broad range of mainstream economic(More)
BACKGROUND The development of large-scale gene expression profiling technologies is rapidly changing the norms of biological investigation. But the rapid pace of change itself presents challenges. Commercial microarrays are regularly modified to incorporate new genes and improved target sequences. Although the ability to compare datasets across generations(More)
Suppose two Matisse paintings with identical characteristics were put up for sale. However, one of the paintings had previously been sold in a " hot " market for a high price and the other had been sold in a " cold " market for a low price. Would the painting that previously sold in the " hot " market fetch a higher price at auction? Anchoring is one of the(More)
Voter turnout in game theoretic models of voting has typically been difficult to predict because of the problem of multiple Nash equilibria. Many of these equilibria require an extreme precision of beliefs among voters that is unlikely to be reached in real elections. At the same time, mechanisms like pre-election polls exist to shape the beliefs of voters(More)
This article presents an empirical study of paintings that have failed to meet their reserve price at auction. In the art trade, it is often claimed that when an advertised item goes unsold at auction, it will sell for less in the future. We have constructed a new dataset specifically for the purpose of testing this proposition. To preview our results, we(More)
BACKGROUND Desmuslin is an alpha-dystrobrevin-interacting protein expressed primarily in heart and skeletal muscle. The desmuslin protein interacts with and is closely related to desmin, a protein encoded by a locus mutated in some forms of hereditary distal myopathy. As a muscle-specific intermediate filament protein, desmuslin is also a candidate for(More)
This paper studies the effect of decentralization on corruption in a hierarchical organization, where decentralization is intended as the delegation of control power to lower levels in a hierarchy. Decentralization causes a loss in control to the higher levels, thus curbing their incentives to monitor and detect corrupt activities. However, it also lowers(More)
  • Jeremy Bulow, Paul Klemperer, Alan Beggs, Meg Meyer, Markus Möbius
  • 1997
We model a War of Attrition with N +K firms competing for N prizes. If firms must pay their full costs until the whole game ends, even after dropping out themselves (as in a standard-setting context), each firm's exit time is independent both of K and of other players' actions. If, instead, firms pay no costs after dropping out (as in a natural oligopoly),(More)