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Kovenock, Dan; Morath, Florian; Münster, Johannes - Volkswirtschaftliche Fakultät, … - 2010

, procurement contests, or R&D. We consider the cases where firms have (i) independent values and (ii) common values of winning the …

Persistent link: https://www.econbiz.de/10008492738

Buy-It-Now prices in eBay Auctions - The Field in the Lab

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - Volkswirtschaftliche Fakultät, … - 2010

Electronic commerce has grown extraordinarily over the years, with online auctions being extremely successful forms of … trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows … in Buy-It-Now auctions, as to this point little is known about how sellers set Buy-It-Now prices. We investigate into …

Persistent link: https://www.econbiz.de/10008497035

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

Bid-ask price competition with asymmetric information between market makers

CALCAGNO, Riccardo; LOVO, Stefano M. - Center for Operations Research and Econometrics (CORE), … - 1998

We consider the effect of asymmetric information on price formation process in a financial market where private information is held by a market maker. A Bayesian game is proposed in which there is price competition between two market makers with two different information partitions. At each...

Persistent link: https://www.econbiz.de/10005008326

The more the merrier? Number of bidders, information dispersion, renegotiation and winner’s curse in toll road concessions

Athias, Laure; Nunez, Antonio - Volkswirtschaftliche Fakultät, … - 2008

We empirically assess the winner’s curse effect in auctions for toll road concessions. First, we investigate the …

Persistent link: https://www.econbiz.de/10005059108

Information advantage and dominant strategies in second-price auctions

EINY, Ezra; HAIMANKO, Ori; ORZACH, Ram; SELA, Aner - Center for Operations Research and Econometrics (CORE), … - 2000

We study a general model of common-value second-price auctions with differential information. We show that one of the …

Persistent link: https://www.econbiz.de/10005042790

Dominance solvability of second-price auctions with differential information

EINY, Ezra; HAIMANKO, Ori; ORZACH, Ram; SELA, Aner - Center for Operations Research and Econometrics (CORE), … - 2001

We study a class of common-value second-price auctions with differential information. This class of common …-value auctions is characterized by the property that each player's information set is connected with respect to the common value. We …

Persistent link: https://www.econbiz.de/10005043129

Optimal Seedings in Elimination Tournaments

Groh, Christian; Moldovanu, Benny; Sela, Aner; Sunde, Uwe - Volkswirtschaftliche Fakultät, … - 2003

We study an elimination tournament with heterogenous contestants whose ability is common-knowledge. Each pair-wise match is modeled as an all-pay auction where the winner gets the right to compete at the next round. Equilibrium efforts are in mixed strategies, yielding rather complex play...

Persistent link: https://www.econbiz.de/10005739681

Sequential bargaining with pure common values and incomplete information on both sides

Schweinzer, Paul - Volkswirtschaftliche Fakultät, … - 2006

We study the alternating-offer bargaining problem of sharing a common value pie under incomplete information on both sides and no depreciation between two identical players. We characterise the essentially unique perfect Bayesian equilibrium of this game which turns out to be in gradually...

Persistent link: https://www.econbiz.de/10005739683

Endogenous entry and auctions design with private participation costs

Lu, Jingfeng - Volkswirtschaftliche Fakultät, … - 2006

This paper studies endogenous entry and ex ante revenue-maximizing auctions in an independent private value setting …

Persistent link: https://www.econbiz.de/10005619326