"Where Old M Ts New"
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Econ 2230: Public Economics
Econ 2230: Public Economics Lecture 16: Auctions Competitive mechanisms Lotteries increase public good provision relative to VCM Lottery purchase imposes a negative externality on others. This effect counteracts the positive externality that results from giving to the public good. Do other competitive mechanisms have a similar effect? Winner pay auctions ? Charity auctions typically held at social events in the form of English auction ((gpitem awarded to bidder with the highest value at a price equal to the value of the second highest bidder) standard oral ascending auctions silent auction – write down increasing bids by a certain time Internet charity auction same items offered for sale both in for-profit and not-for profit auctions (e.g., eBay and eBay Giving Works). Auctions 1. Charity auction 2. Winner pay auction a. Charity auction vs. non-charity auction b. Lottery vs. winner pay auction 3. All pay auctions a. Laboratory b. Field 1. Charity auctions Will winner pay auctions give rise to same negative (counteracting) externality as that seen for lotteries? Negative externality: raising bid decreases likelihood that others will win item Additional benefits of winner pay auction? Advantage over lottery? Winner deterministically determined – highest value bidder wins the price. Disadvantage of winner pay auction relative to lottery? Only winner pays bid (vs. lottery where all pay) 1. Charity auctions Related Burkart (1995) bidding among creditors in bankruptcy auctions Engelbrecht-Wiggans (1994) bidding among heirs for a family estate Goeree et al (2005) Model: independent private value offf the prize and incomplete information bidders’ values independently and uniformly distributed on [0,1] auction’s proceeds accrue to a public good that benefits the bidders. -
Loss Aversion and Sunk Cost Sensitivity in All-Pay Auctions for Charity: Experimental Evidence∗
Loss Aversion and Sunk Cost Sensitivity in All-pay Auctions for Charity: Experimental Evidence∗ Joshua Fostery Economics Department University of Wisconsin - Oshkosh August 30, 2017 Abstract All-pay auctions have demonstrated an extraordinary ability at raising money for charity. One mechanism in particular is the war of attrition, which frequently generates revenue well beyond what is theoretically predicted with rational bidders. However, what motivates the behavioral response in bidders remains unclear. By imposing charity auction incentives in the laboratory, this paper uses controlled experiments to consider the effects of loss aversion and sunk cost sensitivity on bidders’ willingness to contribute. The results indicate that revenues in incremental bidding mechanisms, such as the war of attrition, rely heavily on bidders who are sunk cost sensitive. It is shown this behavioral response can be easily curbed with a commitment device which drastically lowers contributions below theoretical predictions. A separate behavioral response due to loss aversion is found in the sealed-bid first-price all-pay auction, which reduces bidders’ willingness to contribute. These findings help explain the inconsistencies in revenues from previous all-pay auction studies and indicate a mechanism preference based on the distribution of these behavioral characteristics. Keywords: Auctions, Market Design, Charitable Giving JEL Classification: C92, D03, D44, D64 ∗I would like to thank Cary Deck, Amy Farmer, Jeffrey Carpenter, Salar Jahedi, Li Hao, and seminar participants at the University of Arkansas, ESA World Meetings, ESA North America Meetings, and the SEA Annual Meetings for their helpful comments at various stages of the development of this project. yContact the author at [email protected]. -
E. Heritage Health Index Participants
The Heritage Health Index Report E1 Appendix E—Heritage Health Index Participants* Alabama Morgan County Alabama Archives Air University Library National Voting Rights Museum Alabama Department of Archives and History Natural History Collections, University of South Alabama Supreme Court and State Law Library Alabama Alabama’s Constitution Village North Alabama Railroad Museum Aliceville Museum Inc. Palisades Park American Truck Historical Society Pelham Public Library Archaeological Resource Laboratory, Jacksonville Pond Spring–General Joseph Wheeler House State University Ruffner Mountain Nature Center Archaeology Laboratory, Auburn University Mont- South University Library gomery State Black Archives Research Center and Athens State University Library Museum Autauga-Prattville Public Library Troy State University Library Bay Minette Public Library Birmingham Botanical Society, Inc. Alaska Birmingham Public Library Alaska Division of Archives Bridgeport Public Library Alaska Historical Society Carrollton Public Library Alaska Native Language Center Center for Archaeological Studies, University of Alaska State Council on the Arts South Alabama Alaska State Museums Dauphin Island Sea Lab Estuarium Alutiiq Museum and Archaeological Repository Depot Museum, Inc. Anchorage Museum of History and Art Dismals Canyon Bethel Broadcasting, Inc. Earle A. Rainwater Memorial Library Copper Valley Historical Society Elton B. Stephens Library Elmendorf Air Force Base Museum Fendall Hall Herbarium, U.S. Department of Agriculture For- Freeman Cabin/Blountsville Historical Society est Service, Alaska Region Gaineswood Mansion Herbarium, University of Alaska Fairbanks Hale County Public Library Herbarium, University of Alaska Juneau Herbarium, Troy State University Historical Collections, Alaska State Library Herbarium, University of Alabama, Tuscaloosa Hoonah Cultural Center Historical Collections, Lister Hill Library of Katmai National Park and Preserve Health Sciences Kenai Peninsula College Library Huntington Botanical Garden Klondike Gold Rush National Historical Park J. -
COVID-19 and Its Impact on Auction Houses
Sotheby's Institute of Art Digital Commons @ SIA MA Theses Student Scholarship and Creative Work 2020 Business Interrupted : COVID-19 and its impact on auction houses Carolina Sagardoy Sotheby's Institute of Art Follow this and additional works at: https://digitalcommons.sia.edu/stu_theses Part of the Business Analytics Commons, and the Other Business Commons Recommended Citation Sagardoy, Carolina, "Business Interrupted : COVID-19 and its impact on auction houses" (2020). MA Theses. 84. https://digitalcommons.sia.edu/stu_theses/84 This Thesis - Open Access is brought to you for free and open access by the Student Scholarship and Creative Work at Digital Commons @ SIA. It has been accepted for inclusion in MA Theses by an authorized administrator of Digital Commons @ SIA. For more information, please contact [email protected]. Business Interrupted: COVID-19 and its Impact on Auction Houses By Carolina Sagardoy A Thesis submitted in conformity with the requirements for the Master’s Degree in Art Business Sotheby’s Institute of Art 2020 Word Count: 14,658 Business Interrupted: COVID-19 and its Impact on Auction Houses By: Carolina Sagardoy Abstract This study aims to thoroughly analyse how auction houses are coping with the conditions imposed by the Coronavirus pandemic in the short-term and what the virus’ long-term impact on the business will be. The study will look at upcoming marketing campaigns and the quick migration to online sales, and will analyse the data within those sales. The study is unique in its aim to also analyse buyer and seller psychological behaviours and how they will be impacted as a result of forced or voluntary distancing when live sales return. -
Stewardship Report for the State of Kansas Report Dates: FY 20 Stewardship Report (November 1, 2019 - October 31, 2020)
Stewardship Report for the State of Kansas Report Dates: FY 20 Stewardship Report (November 1, 2019 - October 31, 2020) Number of Public Events: 396 Council Funding: $745,625.27 CARES Act Funding: $471,467.00 Attendees: 436,222 Contact: Julie Mulvihill, Executive Director, [email protected] or 785/357-0359 Humanities Kansas is a non-profit that connects communities with history, traditions, and ideas to strengthen civic life. The Culture Preservation and Humanities For All Grants support unique, one-of-a-kind community-created programs that engage Kansans in opportunities to examine our history, heritage, traditions, literature, civics, values, and other human experiences. Abilene Eisenhower Foundation $3,500 "Ike’s Soldiers Online Interactive Exhibit: Stories from World War II Veterans" Preservation project to edit and archive first-person interviews of WWII veterans for an online exhibit, "Ike's Soldiers." Arkansas City Arkansas City Area Arts Council $1,000 "Virtual Burford Theatre" A series of social media events from the Burford Theatre to engage the community, including an online discussion of music history in Kansas, a tour of the historic theatre, and an interactive online humanities contest. Ashland Ashland Library "Clark County's Response to COVID-19" $1,000 An oral history project recording Clark County's response to the COVID-19 pandemic. Council Grove Morris County Historical Society "Virtual Tours of Council Grove's House Museums" $1,000 Virtual tours of the Seth Hays House and the FX Hebrank House. The stories introduce the larger Santa Fe Trail story and Council Grove's significant role on the trail. Dodge City Boot Hill Museum "New Connections to the Old West" $1,000 An online video series providing an extensive tour of the People of the Plains building, including artifacts relating to American Indians, Victorian fashion, and cowboy culture. -
Official Visitor Guidebook Lane • Ottawa • Pomona • Princeton • Rantoul • Richmond • Wellsville • Williamsburg
Franklin County Kansas Official Visitor Guidebook Lane • Ottawa • Pomona • Princeton • Rantoul • Richmond • Wellsville • Williamsburg www.visitottawakansas.com 1 THE PLAC E FO R ST UDENENT S T O When you come to Ottawa University,y, you are introduced to a Christ-centered community of grace tthathat wwillill challenge your knowledge and talents . a communityity where you will be supported and encouraged by professorssors who carcaree about you and your success. MAJORS OU students are encouraged to reach outside of theirheir comfort zones Accounting to broaden their understanding of the world in whichhich they livelive,, Ar t Biology as well as how to become impactful members of ththee workforccee Business Administration and community. Students have the opportunity too trtravelavel Business Economics Christian Studies abroad, as well as extend their learning outside off the and Ministr y Communication classroom through hands-on experience. Elementar y Education Engineering Regardless of major, students can get involved inn our English Exercise Science more than 30 student organizations, including Finance music, debate, athletics, campus ministries, Histor y Greek life, and so much more! Human Ser vices Management of Information Systems Marketing Contact us today and discover the Mathematics Mathematics Education Music Music Education Physical Education Ottawa.edu | 800.755.5200, #2 Psychology Sociology Spor t Studies GRADUATE PROG RAMS Master of Ar ts in Education Master of Business Administration PREP ARI NG ST UDENT S FO R LI VES OF SI GNIFIC ANCE THE PLACE FOR STUDENTSENTS TOTO Welcome! Ottawa and Franklin County are the perfect place for a family vacation, a weekend getaway or some serious shopping. -
Charity Auctions for the Happy Few∗
Charity Auctions for the Happy Few¤ Olivier Bosy April 16, 2007 Abstract Recent literature has shown that all-pay auctions raise more money for charity than winner- pay auctions. We demonstrate that the first and second-price winner-pay auctions outper- form first-price all-pay auctions when bidders are sufficiently asymmetric. To prove it, we consider a framework with complete information. This analysis is relevant for two main reasons. On the one hand, complete information is more realistic and corresponds to events which occur for instance in a local service club (like in a voluntary organization) or in a show business dinner. Potential bidders are ac- quaintances or know one another well. On the other hand, our model keeps the qualitative predictions of a private value model under incomplete information in which bidders are ex ante asymmetric that is to say different bidders’ values are drawn from different distribu- tions. Furthermore, we also analyze second-price all-pay auction. Finally, we show that individual minimum bids could improve the relative revenue performance of first-price all- pay compared to first-price winner-pay auction. Keywords: All-pay auctions, charity, complete information, externalities JEL Classification: D44, D62, D64 ¤I would like to thank Gabrielle Demange, David Ettinger, Philippe Jehiel and Laurent Lamy for helpful conversations. All errors are mine. yPSE (Paris-Jourdan Sciences Economiques/Paris School of Economics), 48 boulevard Jourdan, 75014 Paris, France. Email: [email protected], phone: (+33)143136314. 1 1 Introduction More and more voluntary organizations wish to raise money for charity purposes through a partnership with firms. -
C Mmittee Report REGULAR CALENDAR
C mmittee Report REGULAR CALENDAR April 26, 2018 HOUSE OF REPRESENTATIVES REPORT OF COMMITTEE The Committee on Commerce and Consumer Affairs to which was referred SB 316, AN ACT relative to the regulation of online auctions. Having considered the same, report the same with the recommendation that the bill OUGHT TO PASS. R p Michael Costable FOR THE COMMITTEE Original: House Clerk Cc: Committee Bill File COMMITTEE REPORT Committee: Commerce and Consumer Affairs Bill Numbei.:. Sl3 316 Title: relative to the regulation of online auctions. Date: April 26, 2018 Consent Calendar: REGULAR Recommendati9 OUGHT TO PASS STATEMENT OF INTENT This bill exempts internet auctions from the requirements of RSA 311-B, the Auctioneers' Practice Act. Under current law anyone that lists items online at popular web sites (like eBay) must obtain an auctioneer's license, unless they are selling their own personal property, however, personal property obtained for the purpose of re-selling also requires an auctioneer's license. Forty three states do not regulate online auctions and 23 states do not regulate auctioneers, including New York and California. To qualify in New Hampshire for an auctioneer's license one must either go to auctioneer's school or apprentice for a minimum of six months and the apprenticeship must include activities such as bid calling and running etc, then one must register for a $75 exam, pay a $200 fee for a two year license and be bonded for minimum of $25,000. The majority on the committee felt that this process is overly burdensome, unnecessary and unenforceable to any significant degree. -
Putting Auction Theory to Work
P1: FCH/FFX P2: FCH/FFX QC: FCH/FFX T1: FCH CB610-FM CB610-Milgrom-v3 October 27, 2003 16:27 PUTTING AUCTION THEORY TO WORK This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of “optimal auctions” and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation. It shows how seemingly different auction designs can lead to nearly identical outcomes if the participating bidders are the same – a finding that focuses attention on (1) attracting bidders and (2) mini- mizing the cost of running the auction and bidding in it. It shows how new auc- tion designs can accommodate complicated procurement settings and sales with many interrelated goods. Paul Milgrom is Leonard and Shirley Ely Professor of Humanities and Social Sciences and Professor of Economics at Stanford University.He has also taught at Harvard University and MIT. -
Auctions for Charity: the Curse of the Familiar∗
Auctions for Charity: The Curse of the Familiar∗ Jeffrey Carpenter† Damian S. Damianov‡ Peter Hans Matthews§ February 17, 2017 Abstract Recently there has been considerable interest in the use of raffles and auctions to fund public goods. Economists have developed theories that predict which of the standard mechanisms should do well and they have run a variety of experiments to test the per- formance of these mechanisms. One aspect that has been largely overlooked, however, is whether new mechanisms can yield even more of the public good. We run fundrais- ing events in the field at the meetings of a well-known service organization across the United States to examine the properties of five mechanisms: one that is common in the literature (first-price all-pay auction), two that are familiar to practitioners in the field (the English/live auction and the raffle), and two that are new (the \bucket" auction and a lottery-auction hybrid). Consistent with theory, we find large differences in per- formance between the two most familiar formats but these disparities are dwarfed by the differentials achieved using the new and less common formats. Our results demon- strate the continued potential of mechanism design to inform the provision of public goods and fundraising. Keywords: Public Good, Raffle, Lottery, Auction, Fundraising, Mechanism Design, Field Experiment. JEL Codes: C93, D44, D64, H41 ∗We thank Catherine Collins, Brent Davis, Ryan Freling, Joshua Foster, Ellen Green, Daniel Jones, Malcolm Kass, James Kelly, Andrew Kloosterman, Peter Kriss, Nick Lovejoy, Jens Schubert and Anand Shukla for research assistance. We also acknowledge the financial support of Middlebury College and the National Science Foundation (SES 0617778). -
Battle of Lone Jack Draft Revised
LONE JACK BATTLEFIELD PRESERVATION PLAN LONE JACK, MISSOURI PREPARED FOR THE LONE JACK HISTORICAL SOCIETY FREEDOM’S FRONTIER NATIONAL HERITAGE AREA AND THE AMERICAN BATTLEFIELD PROTECTION PROGRAM Of The national park service GA-2255-11-022 2013 Thomason and Associates Encore Interpretive Design ACKNOWLEDGEMENTS Thanks are due to the many individuals who assisted with this report. Particular thanks go to Alinda Miller, President of the Lone Jack Historical Society and Julie McPike, Program Coordinator of the Freedom’s Frontier National Heritage Area. We also appreciate the guidance and comments provided by Lone Jack Mayor Ken Krawchuck, and Lone Jack Historical Society officers and directors Dan Hadley, Linda Barta, Paul Clum, Dan Enlow, Carole Garrison, David Goodman and Betty Williams. Assistance also came from Gordon Julich, Superintendent of Historic Sites with the Jackson County Parks and Recreation Office. We are also grateful to the many property owners who allowed us access to their property in order to complete the plan. Cover photo: "Illustrations, PowerPoints or photos by Edward F. Gilman, Professor, Environmental Horticulture Department, IFAS, University of Florida." at website http://hort.ifas.ufl.edu/woody/Pages/quemar/ quemar1.shtml. This material is based upon work assisted by a grant from the Department of the Interior, National Park Service. Any opinions, findings, and conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of the Department of the Interior. For future copies or questions contact: Kristen L. McMasters Government Technical Representative DOI—National Park Service American Battlefield Protection Program 1201 Eye Street, NW (2255) 6th Floor Washington, D.C. -
Group Tour Guide to Kansas
Group Tour Guide to Kansas KANSAS TRAVEL AND TOURISM DIVISION Department of Commerce 400 W. 8th, 5th Floor Topeka, KS 66603 913-296-2009 Many of the drawings found throughout this guide were originally done by Miss Margaret Whittemore for two books she wrote and published with the Regents Press of Kansas. We also acknowledge the permission of the Kansas State Historical Society to print drawings and sketches from Kansas: The 34th Star and Kansas: A Pictorial History. This guide also includes drawings by Lucille Runbeck and Stephen M. Perry. 4 -7 P. ^ A — - -------------------- h i f uz ,' \yX , *1 / ;[, . , . 1 f b 'A s9 ,v >t' hr m , _ u t o s i *— j —%- Kansas glories in her days to be . Her time is Now, Her heritage is Here. Harry Kemp p fv rr^ Table of Contents PAGE Information on This E dition.................................................. 1 Introduction ........................................................................... 1 Kansas M a p ........................................................................... 2 Regional Information Northeast Kansas ......................................................... 4 Southeast Kansas ......................................................... 43 South Central Kansas .................................................. 54 Southwest K ansas......................................................... 80 Northwest Kansas ........................................................ 90 Popular Restaurants Northeast Kansas ......................................................... 104 Southeast Kansas