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How to win twice at an auction. On the incidence of commissions in auction markets

GINSBURGH, Victor; LEGROS, Patrick; SAHUGUET, Nicolas - Center for Operations Research and Econometrics (CORE), … - 2005

We analyze the welfare consequences of an increase in the commissions charged by intermediaries in auction markets. We … treatment in auction markets. We show that an increase in commissions makes sellers worse off, but buyers may strictly gain. The … increase. Our results are useful for evaluating compensation in price fixing conspiracies; in particular they suggest that the …

Persistent link: https://www.econbiz.de/10005043209

The information content of implied volatility in agricultural commodity markets

GIOT, Pierre - Center for Operations Research and Econometrics (CORE), … - 2002

In this paper we compare the incremental information content of lagged implied volatility to GARCH models of conditional volatility for a collection of agricultural commodities traded on the New York Board of Trade. We also assess the relevance of the additional information provided by the...

Persistent link: https://www.econbiz.de/10005043100

Co-Integration and Leadership in the European Off-Season Fresh Fruit Market.

Giot, P.; De Frahan, B.H.; Pirotte, N. - Center for Operations Research and Econometrics (CORE), … - 1999

This paper tests market co-integration, market leadership and price margins in the context of the recent development of …

Persistent link: https://www.econbiz.de/10005634053

Spatial issues on a hedonic estimation of rents in Brussels

PHOLO BALA, Alain; PEETERS, Dominique; THOMAS, Isabelle - Center for Operations Research and Econometrics (CORE), … - 2013

Using Belgian microdata, we assess the impact, on a hedonic regression, of the distortions arising from the choice of either a specific zoning system or the delineation of the study area. We also evaluate the biases that arise when spatial effects are not accounted for. Given that the dependent...

Persistent link: https://www.econbiz.de/10010927668

The resistible decline of European science

BAUWENS, Luc; MION, Giordano; THISSE, Jacques-François - Center for Operations Research and Econometrics (CORE), … - 2007

Using a data set of highly cited researchers in all fields of science, we show that the gapin scientific performance between Europe, especially continental Europe, and the USAis large. We model the number of highly cited researchers in a sample of countries as afunction of physical and human...

Persistent link: https://www.econbiz.de/10005008516

The Nature of Two-Direction Intergenerational Transfers of Money and Time : An Empirical Analysis

IOANNIDES, Yannis; KAN, Kamhon - Center for Operations Research and Econometrics (CORE), … - 1994

This paper studies the nature and pattern of inter vivos two-sided intergenerational transfers of money and time between parents and adult children. We use an analytical model that incorporates altruistic and exchange behavior to describe the interaction between parents and their children. Using...

Persistent link: https://www.econbiz.de/10005065299

The econometrics of airline network management

GRAMMIG, Joachim; HUJER, Reinhard; SCHEIDLER, Michael - Center for Operations Research and Econometrics (CORE), … - 2001

The task of airline network management is to develop new flight schedule variants and evaluate thm in terms of expected passenger demand and revenue. Given the industry's trend towards global cooperation, this is especially important when evaluating the potential synergies with alliance...

Persistent link: https://www.econbiz.de/10005065337

Auctions with prestige motives

BOS, Olivier; TRUYTS, Tom - Center for Operations Research and Econometrics (CORE), … - 2014

exists in four auction formats: first-price, second-price, all-pay and the English auction. We obtain a strict ranking in … terms of expected revenues: the first-price and all-pay auctions are dominating the English auction but are dominated by the … second-price auction. Expected revenue equivalence is restored asymptotically for the number of bidders going to infinity. …

Persistent link: https://www.econbiz.de/10011228297

A new formulation of the European day-ahead electricity market problem and its algorithmic consequences

MADANI, Mehdi; VAN VYVE, Mathieu - Center for Operations Research and Econometrics (CORE), … - 2013

A new formulation of the optimization problem implementing European market rules for non- convex day-ahead electricity markets is presented, that avoids the use of complementarity constraints to express market equilibrium conditions, and also avoids the introduction of auxiliary binary variables...

Persistent link: https://www.econbiz.de/10010752812

Optimal all-pay auction when signals are correlated

KLINGER MONTEIRO, Paulo - Center for Operations Research and Econometrics (CORE), … - 1997

In this note I prove the existence of the optimal-pay auction when signals are correlated. …

Persistent link: https://www.econbiz.de/10005008274