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Auctions vs. Negotiations: The Effects of Inefficient Renegotiation

Herweg, Fabian; Schmidt, Klaus - CESifo - 2015

post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms … if the buyer’s bargaining position is sufficiently strong. Moreover, we show that negotiations provide stronger … use of negotiations as a procurement mechanism in private industry. …

Persistent link: https://www.econbiz.de/10011210403

Back to Kyoto? US Participation and the Linkage between R&D and Climate Cooperation

Buchner, Barbara; Carraro, Carlo; Cersosimo, Igor; … - CESifo - 2002

and in actual policymaking, is to link negotiations on climate change control with decisions concerning international R …

Persistent link: https://www.econbiz.de/10005406394

Negotiating to Avoid "Gradual" versus "Dangerous" Climate Change: An Experimental Test of Two Prisoners' Dilemma

Barrett, Scott; Dannenberg, Astrid - CESifo - 2014

According to the Framework Convention on Climate Change, global collective action is needed to stabilize “greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous [our emphasis] anthropogenic interference with the climate system.” The Framework Convention thus...

Persistent link: https://www.econbiz.de/10010734324

On the Sensitivity of Collective Action to Uncertainty about Climate Tipping Points

Barrett, Scott; Dannenberg, Astrid - CESifo - 2014

Previous research shows that collective action to avoid a catastrophic threshold, such as a climate “tipping point,” is unaffected by uncertainty about the impact of crossing the threshold but that collective action collapses if the location of the threshold is uncertain. Theory suggests...

Persistent link: https://www.econbiz.de/10010743452

Auctions vs. Negotiations: The Case of Favoritism

Gretschko, Vitali; Wambach, Achim - CESifo - 2012

We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …

Persistent link: https://www.econbiz.de/10010599726

Innovation of Network Goods: A Non-Innovating Firm Will Gain

Glazer, Amihai; Kanniainen, Vesa; Mustonen, Mikko - CESifo - 2002

We consider duopolists innovating and producing a good subject to network externalities, so that the reservation price of a consumer increases with aggregate consumption. The post-innovation network consists of two compatible sub-networks, with increased network valuation of the new product....

Persistent link: https://www.econbiz.de/10005765788

The Swiss UMTS Spectrum Auction Flop: Bad Luck or Bad Design

Wolfstetter, Elmar G. - CESifo - 2001

This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland. Apart from general market developments, which could not have been anticipated, we argue that auctiondesign which was introduced in England and adopted in Switzerland and elsewhere...

Persistent link: https://www.econbiz.de/10005766272

The Third Generation (UMTS) Spectrum Auction in Germany

Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar G. - CESifo - 2001

The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...

Persistent link: https://www.econbiz.de/10005094495

The Dutch UMTS-Auction

Damme, Eric van - CESifo - 2002

In this paper I review the Dutch UMTS-auction that took place in the summer of 2000 and which, in contrast to the UK and German auctions, was generally considered to be a major flop. I analyse the policy process leading to the auction as well as the bidding behaviour in the auction, and provide...

Persistent link: https://www.econbiz.de/10005051587

Does Central Bank Communication really Lead to better Forecasts of Policy Decisions? New Evidence Based on a Taylor Rule Model for the ECB

Sturm, Jan-Egbert; Haan, Jakob de - CESifo - 2009

central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President’s introductory statement at the press conference following an … included in our Taylor rule model, the ECB communication indicators remain significant. …

Persistent link: https://www.econbiz.de/10005013956