Synergies and Price Trends in Sequential (2007)
Flavio M. Menezes, Paulo K. Monteiro, Flavio Menezes
In this paper we consider sequential auctions where an individual's value for a bundle of objects is either greater than the sum of the values for the objects separately (positive synergy) or...
Coasian Dynamics in Repeated English Auctions (2007)
Menezes, Flavio M., Ryan, Matthew J.
We extend the Coase conjecture to the case of a seller with a single object, who faces n potential buyers and holds a sequence of English auctions until the object is sold. In an...
Coasian Dynamics in Repeated English Auctions (2007)
Menezes, Flavio M., Ryan, Matthew J.
We extend the Coase conjecture to the case of a seller with a single object, who faces n potential buyers and holds a sequence of English auctions until the object is sold. In an...
Coasian Dynamics in Repeated English Auctions (2007)
Menezes, Flavio M., Ryan, Matthew J.
We extend the Coase conjecture to the case of a seller with a single object, who faces n potential buyers and holds a sequence of English auctions until the object is sold. In an...
Price regulation in Australia: how consistent has it been? (2005)
Breunig, Robert, Stacey, Scott, Hornby, Jeremy, Menezes, Flavio M.
We assembled a database consisting of fifty two regulatory decisions, involving two hundred and fifty four annual observations, made by seven different regulators and across five different...
Price regulation in Australia: how consistent has it been? (2005)
Breunig, Robert, Stacey, Scott, Hornby, Jeremy, Menezes, Flavio M.
We assembled a database consisting of fifty two regulatory decisions, involving two hundred and fifty four annual observations, made by seven different regulators and across five different...
Price regulation in Australia: how consistent has it been? (2005)
Breunig, Robert, Stacey, Scott, Hornby, Jeremy, Menezes, Flavio M., Faculty Of Economics And Commerce
We assembled a database consisting of fifty two regulatory decisions, involving two hundred and fifty four annual observations, made by seven different regulators and across five different...
Price regulation in Australia: how consistent has it been? (2005)
Breunig, Robert, Stacey, Scott, Hornby, Jeremy, Menezes, Flavio M.
We assembled a database consisting of fifty two regulatory decisions, involving two hundred and fifty four annual observations, made by seven different regulators and across five different...
An Introduction to Auction Theory (2005)
Menezes, Flavio M., Monteiro, Paulo K.
This book presents an in-depth discussion of the auction theory. It introduces the concept of Bayesian Nash equilibrium and the idea of studying auctions as games. Private, common, and affiliated...
An Introduction to Auction Theory (2005)
Menezes, Flavio M., Monteiro, Paulo K.
This book presents an in-depth discussion of the auction theory. It introduces the concept of Bayesian Nash equilibrium and the idea of studying auctions as games. Private, common, and affiliated...
Price regulation in Australia: how consistent has it been? (2005)
Breunig, Robert, Stacey, Scott, Hornby, Jeremy, Menezes, Flavio M.
We assembled a database consisting of fifty two regulatory decisions, involving two hundred and fifty four annual observations, made by seven different regulators and across five different...
A note on duplication of R&D and R&D subsidies (2004)
Menezes, Flavio M., Daklia, Sami, Temimi , Akram
We show that the presumed incompatibility of uncoordinated R&D and competition is not fundamental, but hinges on the nature of R&D spillovers. As a consequence, R&D subsidies may be more effective...
A note on duplication of R&D and R&D subsidies (2004)
Menezes, Flavio M., Daklia, Sami, Temimi , Akram
We show that the presumed incompatibility of uncoordinated R&D and competition is not fundamental, but hinges on the nature of R&D spillovers. As a consequence, R&D subsidies may be more effective...
Synergies and price trends in sequential auctions (2003)
Menezes, Flavio M., Monteiro, Paulo K.
In this paper we consider sequential second-price auctions where an individual's value for a bundle of objects is either greater than the sum of the values for the objects separately (positive...
Synergies and price trends in sequential auctions (2003)
Menezes, Flavio M., Monteiro, Paulo K.
In this paper we consider sequential second-price auctions where an individual's value for a bundle of objects is either greater than the sum of the values for the objects separately (positive...
Por Que Favorecer Firmas Nacionais? (2001)
Menezes,Flavio M., Monteiro,Paulo K.
Este artigo investiga os efeitos da existência de uma margem de preferência para empresas domésticas em compras do governo, demonstrando que uma política de favorecimento de empresas domésticas...
An Auction Theoretical Approach to Fiscal Wars (2001)
I examine a situation where a firm has to choose to locate a new factory in one of several jurisdictions. The value of the factory may differ among jurisdictions and it depends on the private...
Corruption and Auctions (2001)
Menezes, Flavio M., Monteiro, Paulo K.
We investigate the outcome of an auction where the auctioneer approaches one of the two existing bidders and offers an opportunity for him to match his opponent's bid in exchange for a bribe. In...
Hybrid Auctions I: Theory (2001)
Dutra, Joisa C., Menezes, Flavio M.
In this paper we examine the properties of a hybrid auction that combines a sealed bid and an ascending auction. In this auction, each bidder submits a sealed bid. Once the highest bid is known, the...
Hybrid Auctions II: Experimental Evidence (2001)
Dutra, Joisa C., Menezes, Flavio M.
In this paper we report the results of an experiment designed to examine the properties of a hybrid auction - a Dutch-Vickrey auction, that combines a sealed bid first-price auction with a sealed bid...
Menezes, Flavio M., Pitchford, Rohan
We examine the problem faced by a company that wishes to purchase patents in the hands of two different patent owners. Complementarity of these patents in the production process of the company is a...
Why do bidders drop out from a sequential auction (2001)
Engelbrecht-Wiggans,Richard, Menezes,Flavio M.
In actual sequential auctions, bidders typically incur a cost in continuing from one sale to the next, and they decide whether or not to continue. To investigate the question "why do bidders drop...
Menezes, Flavio M., Pitchford, Rohan
We examine the problem faced by a company that wishes to purchase patents in the hands of two different patent owners. Complementarity of these patents in the production process of the company is a...
Hybrid Auctions I: Theory (2001)
Dutra, Joisa C., Menezes, Flavio M.
In this paper we examine the properties of a hybrid auction that combines a sealed bid and an ascending auction. In this auction, each bidder submits a sealed bid. Once the highest bid is known, the...
Hybrid Auctions II: Experimental Evidence (2001)
Dutra, Joisa C., Menezes, Flavio M.
In this paper we report the results of an experiment designed to examine the properties of a hybrid auction - a Dutch-Vickrey auction, that combines a sealed bid first-price auction with a sealed bid...
An Auction Theoretical Approach to Fiscal Wars (2001)
I examine a situation where a firm has to choose to locate a new factory in one of several jurisdictions. The value of the factory may differ among jurisdictions and it depends on the private...
Corruption and Auctions (2001)
Menezes, Flavio M., Monteiro, Paulo K.
We investigate the outcome of an auction where the auctioneer approaches one of the two existing bidders and offers an opportunity for him to match his opponent's bid in exchange for a bribe. In...
Menezes, Flavio M., Pitchford, Rohan, School Of Economics
We examine the problem faced by a company that wishes to purchase patents in the hands of two different patent owners. Complementarity of these patents in the production process of the company is a...
Hybrid Auctions I: Theory (2001)
Dutra, Joisa C., Menezes, Flavio M., School Of Economics
In this paper we examine the properties of a hybrid auction that combines a sealed bid and an ascending auction. In this auction, each bidder submits a sealed bid. Once the highest bid is known, the...
Hybrid Auctions II: Experimental Evidence (2001)
Dutra, Joisa C., Menezes, Flavio M., School Of Economics
In this paper we report the results of an experiment designed to examine the properties of a hybrid auction - a Dutch-Vickrey auction, that combines a sealed bid first-price auction with a sealed bid...
An Auction Theoretical Approach to Fiscal Wars (2001)
Menezes, Flavio M., School Of Economics
I examine a situation where a firm has to choose to locate a new factory in one of several jurisdictions. The value of the factory may differ among jurisdictions and it depends on the private...
Corruption and Auctions (2001)
Menezes, Flavio M., Monteiro, Paulo K., School Of Economics
We investigate the outcome of an auction where the auctioneer approaches one of the two existing bidders and offers an opportunity for him to match his opponent's bid in exchange for a bribe. In...
Menezes, Flavio M., Pitchford, Rohan
We examine the problem faced by a company that wishes to purchase patents in the hands of two different patent owners. Complementarity of these patents in the production process of the company is a...
Hybrid Auctions I: Theory (2001)
Dutra, Joisa C., Menezes, Flavio M.
In this paper we examine the properties of a hybrid auction that combines a sealed bid and an ascending auction. In this auction, each bidder submits a sealed bid. Once the highest bid is known, the...
Hybrid Auctions II: Experimental Evidence (2001)
Dutra, Joisa C., Menezes, Flavio M.
In this paper we report the results of an experiment designed to examine the properties of a hybrid auction - a Dutch-Vickrey auction, that combines a sealed bid first-price auction with a sealed bid...
An Auction Theoretical Approach to Fiscal Wars (2001)
I examine a situation where a firm has to choose to locate a new factory in one of several jurisdictions. The value of the factory may differ among jurisdictions and it depends on the private...
Corruption and Auctions (2001)
Menezes, Flavio M., Monteiro, Paulo K.
We investigate the outcome of an auction where the auctioneer approaches one of the two existing bidders and offers an opportunity for him to match his opponent's bid in exchange for a bribe. In...
Menezes, Flavio M., Pitchford, Rohan
We examine the problem faced by a company that wishes to purchase patents in the hands of two different patent owners. Complementarity of these patents in the production process of the company is a...
Hybrid Auctions I: Theory (2001)
Dutra, Joisa C., Menezes, Flavio M.
In this paper we examine the properties of a hybrid auction that combines a sealed bid and an ascending auction. In this auction, each bidder submits a sealed bid. Once the highest bid is known, the...
Hybrid Auctions II: Experimental Evidence (2001)
Dutra, Joisa C., Menezes, Flavio M.
In this paper we report the results of an experiment designed to examine the properties of a hybrid auction - a Dutch-Vickrey auction, that combines a sealed bid first-price auction with a sealed bid...
An Auction Theoretical Approach to Fiscal Wars (2001)
I examine a situation where a firm has to choose to locate a new factory in one of several jurisdictions. The value of the factory may differ among jurisdictions and it depends on the private...
Corruption and Auctions (2001)
Menezes, Flavio M., Monteiro, Paulo K.
We investigate the outcome of an auction where the auctioneer approaches one of the two existing bidders and offers an opportunity for him to match his opponent's bid in exchange for a bribe. In...
Existence of equilibrium in a discriminatory price auction (1995)
Menezes, Flavio M., Monteiro, Paulo K.
In this paper, we examine a specific discriminatory price auction of Y divisible objects. Players have demand schedules for the objects and are allowed to bid any amount in the interval [0, Y]. This...
Sequential auctions with delay costs : A two-period model (1993)
We examine the outcome of a two-round, second-price auction of stochastically equivalent objects where players face delay costs if they decide to stay for the subsequent round. In our model, agents...
Sequential auctions with delay costs : A two-period model (1993)
We examine the outcome of a two-round, second-price auction of stochastically equivalent objects where players face delay costs if they decide to stay for the subsequent round. In our model, agents...
The role of R&D technology in asymmetric research joint ventures.
Sami Dakhlia, Flavio M. Menezes, Akram Temimi
We characterize asymmetric equilibria in two-stage process innovation games and show that they are prevalent in the different models of R&D technology considered in the literature. This leads to a...
A note on duplication of R&D and R&D subsidies.
Sami Dakhlia, Flavio M. Menezes, Akram Temimi
We show that the presumed incompatibility of uncoordinated R&D and competition is not fundamental, but hinges on the nature of R&D spillovers. As a consequence, R&D subsidies may be more effective...
THE ROLE OF R&D TECHNOLOGY IN ASYMMETRIC RESEARCH JOINT VENTURES
SAMI DAKHLIA, FLAVIO M. MENEZES, AKRAM TEMIMI
We characterize asymmetric equilibria in two-stage process innovation games and show that they are prevalent in the different models of R&D technology considered in the literature. Indeed,...
An auction theoretical approach to fiscal wars
I examine a situation where a firm chooses to locate a new factory in one of several jurisdictions. The value of the factory may differ among jurisdictions and it depends on the private information...
Strategic Interaction amongst Australia's East Coast Ports
Flavio M. Menezes, Marcin Pracz, Rod Tyers
"Australia's principal container ports, located in its state capitals, are owned and operated by state authorities that largely return profits from port operations to state governments. Since they...
Discrete Public Goods with Incomplete Information
Flavio M. Menezes, Paulo K. Monteiro, Akram Temimi
We investigate a simultaneous discrete public good provision game with incomplete information. To use the terminology of Admati and Perry (1991), we consider both contribution and subscription games....
Equilibrium Selection and the Rate of Convergence in Coordination Games with Simultaneous Play
Flavio M. Menezes, Paulo K. Monteiro, Akram Temimi
We apply the dynamic stochastic framework proposed in the recent evolutionary literature to a class of coordination games played simultaneously by the entire population. In these games, payoffs...
Flavio M. Menezes, Rohan Pitchford
Suppose a developer wants to buy n adjacent blocks of land that are currently in the possession of n different owners. The value of the blocks of land to the developer is greater than the sum of the...
The Role of R&D Technology in Asymmetric Research Joint Ventures
Sami Dakhlia, Flavio M. Menezes, Akram Temimi
We characterize asymmetric equilibria in two-stage process innovation games and show that they are prevalent in the different models of R&D technology considered in the literature. Indeed,...
Menezes, Flavio M, Monteiro, Paulo Klinger
Suppose a seller wants to sell k similar or identical objects and there are n greater than k potential buyers. Suppose that each buyer wants only one object. In this case, we suggest the use of a...
original papers : Auctions with endogenous participation
Paulo K. Monteiro, Flavio M. Menezes
We study endogenous-participation auctions where bidders only know the number of potential participants. After seeing their values for the object, potential participants decide whether or not to...
Consistent Regulation of Infrastructure Businesses: Some Economic Issues
This paper examines some important economic aspects associated with the notion that consistency in the regulation of infrastructure businesses is a desirable feature. It makes two important points....
Price Regulation and Investment: A Real Options Approach
Fernando T. Camacho, Flavio M. Menezes
This paper examines a three-period model of an investment decision in a network industry characterized by demand uncertainty, economies of scale and sunk costs. In the absence of regulation we...
Testing Regulatory Consistency
Robert Breunig, Flavio M. Menezes
We undertake an analysis of regulatory consistency using a database of publicly available regulatory decisions in Australia. We propose a simple exploratory model which allows us to test for...
An Empirical Investigation of the Mergers Decision Process in Australia
Robert Breunig, Flavio M. Menezes
In this paper we examine a database assembled from an Australian public register of 553 merger decisions taken between March 2004 and July 2008. Mergers may be accepted without public assessment,...
Consistent Regulation of Infrastructure Businesses: Some Economic Issues
This article examines some important economic issues associated with the notion that consistency in the regulation of infrastructure businesses is a desirable feature. It makes two important points....
RETAIL PRICE REGULATION AND THE OPTION TO DELAY
Fernando T. Camacho, Flavio M. Menezes
This paper examines a two-period model of an investment decision in a network industry characterized by demand uncertainty, economies of scale and sunk costs. In the absence of regulation we identify...