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Speculation in Standard Auctions with Resale
In standard auctions with symmetric, independent private value bidders resale creates a role for a speculator - a bidder who is commonly known to have no use value for the good on sale. ForExpand
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Central Bank Cryptocurrencies
New cryptocurrencies are emerging almost daily, and many interested parties are wondering whether central banks should issue their own versions. But what might central bank cryptocurrencies (CBCCs)Expand
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Bank Runs as Coordination Failures: An Experimental Study *
We use experimental methods to investigate what factors contribute to breakdowns in coordination among a bank’s depositors. Subjects in our experiment decide whether to leave their money deposited inExpand
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One Chance in a Million: Altruism and the Bone Marrow Registry
Stem cell transplants save lives of many patients with blood diseases. Donation is painful, but rarely has lasting adverse effects. Patients can accept transplants only from donors with compatibleExpand
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Mapping Systemic Risk in the International Banking Network
Systemic risk among the network of international banking groups arises when financial stress threatens to criss-cross many national boundaries and expose imperfect international co-ordination. ToExpand
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The State Street Mile: Age and Gender Differences in Competition Aversion in the Field
Gender differences in “competitiveness,” previously documented in laboratory experiments, are hypothesized to play a role in a wide array of economic outcomes. The current paper provides evidence ofExpand
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Behavior in second-price auctions by highly experienced eBay buyers and sellers
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. UnlikeExpand
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On a Market for Coalitions with Indivisible Agents and Lotteries
Abstract Given a game, the set of joint lotteries over partitions of the agents of any subgame induces a subset of the vectors of balancing weights for the subgame. Games whose subgames are allExpand
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Which bank is the "central" bank?
Liquidity flows through a financial network cannot be accurately described using external processing constraints alone. Behavioral aspects of participants also matter. A method similar to Google'sExpand
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