Online penny auctions, emerged recently, are seen as an adaptation of the famous dollar auction and as “the evil stepchild of game theory and behavioral economics.”We use the complete bid and bidder history at such a website to study if penny auctions can sustain excessive profits over time. The website we study is characterized by a revolving door of new bidders who lose money. A very small pe...

Micro, small and medium micro businesses are mainly Indonesia's economic liberalization. Bank Indonesia bi governor burhanudin abdullah said here on Tuesday the central bank had decided to raise its benchmark interest rate by 25 basis points 8.25 percent. The alternative this problem is Revolving Funds. It a city in which most seek out businesses, food costs, clothing, or daily necessities Pada...