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The Bidder's Curse: Comment

By Henry S. Schneider

American Economic Review, April 2016

The prices of auctions on eBay often exceed eBay's fixed-price "Buy- It-Now" prices. I investigate the causes of this overbidding, focusing on the interpretation in Malmendier and Lee (2011) that the observed overbidding cannot be explained "without al...

The Market for Corporate Control: The Empirical Evidence Since 1980

[Symposium: Takeovers]

By Gregg A. Jarrell, James A. Brickley, and Jeffry M. Netter

Journal of Economic Perspectives, Winter 1988

In the 1980s, the market for corporate control has been increasingly active, and the quantity of output of academic researchers studying corporate control questions has mirrored the market activity. This review examines the returns to bidders and targets,...

Medicare Reform: The Larger Picture

[Symposium: The Future of Medicare]

By Victor R. Fuchs

Journal of Economic Perspectives, Spring 2000

The "Medicare problem" is examined as part of the larger problem of providing for the overall financial needs of the elderly. Several myths about Medicare are discussed, and sources and uses of the elderly's "full income" are estimated. The paper explores...

Horizontal Mergers: Triage and Treatment

[Symposium: Horizontal Mergers and Antitrust]

By Franklin M. Fisher

Journal of Economic Perspectives, Fall 1987

The pursuit of any sort of structural policy towards oligopoly presupposes that we can recognize anticompetitive structures when we see them. Unfortunately, that requisite is not easy to meet, and there is a temptation to avoid difficult analysis in favor...

Comparing Charitable Fundraising Schemes: Evidence from a Natural Field Experiment and a Structural Model

By Steffen Huck, Imran Rasul, and Andrew Shephard

American Economic Journal: Economic Policy, May 2015

We present evidence from a natural field experiment and structural model to shed light on the efficacy of alternative fundraising schemes. In conjunction with the Bavarian State Opera, we mailed 25,000 opera attendees a letter describing a charitable fund...