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Innovation Contests with Entry Auction
Giebe, Thomas - Volkswirtschaftliche Fakultät, … - 2010
We consider procurement of an innovation from heterogeneous sellers. Innovations are random but depend on unobservable … effort and private information. We compare two procurement mechanisms where potential sellers first bid in an auction for …
Persistent link: https://www.econbiz.de/10008583545
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Signaling in Auctions among Competitors
Scarpatetti, Benedikt von; Wasser, Cédric - Volkswirtschaftliche Fakultät, … - 2010
We consider a model of oligopolistic firms that have private information about their cost structure. Prior to competing in the market a competitive advantage, i.e., a cost reducing technology, is allocated to a subset of the firms by means of a multi-object auction. After the auction either all...
Persistent link: https://www.econbiz.de/10008501955
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Signal-Jamming in a Sequential Auction
Ding, Wei; Jeitschko, Thomas D.; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2009
In a recurring auction early bids may reveal bidders’ types, which in turn affects bidding in later auctions. Bidders … present paper analyzes the equilibrium of a sequence of ?rst-price auctions assuming bidders have stable private values. We …
Persistent link: https://www.econbiz.de/10004980377