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Simultaneous Allocation of Bundled Goods Through Auctions: Assessing the Case for Joint Bidding

Rondeau, Daniel; Courty, Pascal; Doyon, Maurice - Centre Interuniversitaire de Recherche en Analyse des … - 2013

We use the experimental method to study the costs and benefits of allowing joint bidding in simultaneous multi-unit first price sealed bid auctions for bundled goods. The research has immediate applications to the sale of public forest stands that arbor a mixture of species. Joint bidding and...

Persistent link: https://www.econbiz.de/10011184511

Incentive-Compatible Adjustments from the Anchor and Correlated Equilibrium / Ajustements depuis l'ancrage compatibles avec les incitations et équilibre corrélé

Dragicevic, Arnaud - Centre Interuniversitaire de Recherche en Analyse des … - 2010

In repeated-round auction mechanisms with endogenous market-clearing prices, i.e. when prices depend on submitted bids, the assumption of independent private values that underlines the property of incentive-compatibility is to be brought into question; even if these mechanisms provide active...

Persistent link: https://www.econbiz.de/10008565988

Private Valuation of a Public Good in Three Auction Mechanisms / Evaluation privée d'un bien public dans trois mécanismes d'enchères

Dragicevic, Arnaud; Ettinger, David - Centre Interuniversitaire de Recherche en Analyse des … - 2010

We evaluate the impact of three auction mechanisms the BeckerDeGrootMarschak (BDM) mechanism, the second-price auction, and the random nth-price auction in the measurement of private willingness-to-pay and willingness-to-accept for a pure public good. Our results show that the endowment effect...

Persistent link: https://www.econbiz.de/10008543323

Auction versus Dealership Markets

Bennouri, Moez - Centre Interuniversitaire de Recherche en Analyse des … - 2003

This paper compares two market structures, namely auction and dealership markets defined respectively as centralized order-driven and fragmented quote-driven markets. Our approach departs from previous works comparing these market mechanisms by considering both the timing of order submission...

Persistent link: https://www.econbiz.de/10005169004

Optimal Trading Mechanisms with Ex Ante Unidentified Traders

Lu, Hu; Robert, Jacques - Centre Interuniversitaire de Recherche en Analyse des … - 1997

We analyze optimal trading mechanisms in environments where each trader owns some units of a good to be traded and may be either a seller or a buyer, depending on the realization of privately observed valuations. First, the concept of virtual valuation is extended to ex ante unidentified...

Persistent link: https://www.econbiz.de/10005100533

Overbidding in Independant Private-Values Auctions and Misperception of Probabilities

Armantier, Olivier; Treich, Nicolas - Centre Interuniversitaire de Recherche en Analyse des … - 2006

We conduct an experiment to test whether probability misperception may be a possible alternative to risk aversion to explain overbidding in independent first-price private-values auctions. The experimental outcomes indicate that subjects underestimate their probability of winning the auction,...

Persistent link: https://www.econbiz.de/10005100674

Snow Removal Auctions in Montreal: Costs, Informational Rents, and Procurement Management

Flambard, Véronique; Lasserre, Pierre; Mohnen, Pierre - Centre Interuniversitaire de Recherche en Analyse des … - 2004

Using nonparametric estimation techniques adapted from Guerre et al. [2000], we infer cost distributions and informational rents, from 666 snow removal contracts offered for tender by the City of Montreal. Our results are compatible with standard received theory of competitive auctions: there is...

Persistent link: https://www.econbiz.de/10005101090

Collaboration and contracting out versus funding and support Impact on the propensity to patent of Canadian biotechnology firms 1999-2005

Beaudry, Catherine - Centre Interuniversitaire de Recherche en Analyse des … - 2011

Using the four Biotechnology Uses and Development surveys of Statistics Canada, we analyse the relative importance of funding and support as well as collaboration and contracting, R&D and IP strategies on the propensity to patent of Canadian biotechnology firms. Our model accounts for the...

Persistent link: https://www.econbiz.de/10009350696

R&D and Patents: Which Way Does the Causality Run?

Brouwer, Erik; Kleinknecht, Alfred; Mohnen, Pierre; … - Centre Interuniversitaire de Recherche en Analyse des … - 2001

reexamined the causality direction between R&D and patents, using data on contemporaneous and four-year lagged patent … of the count data for patent applications. We find that patents Granger-cause R&D in all specifications. One additional … patent increases R&D four years later by 7.5%. The reverse causality from R&D to patents vanishes as soon as we depart in one …

Persistent link: https://www.econbiz.de/10005100782

Knowledge acquisition within an organization: How to retain a knowledge worker using wage profile and non-monotonic knowledge accumulation

Long, Ngo Van; Soubeyran, Antoine; Soubeyran, Raphael - Centre Interuniversitaire de Recherche en Analyse des … - 2014

In this paper, we consider a knowledge accumulation problem within an organization. We depart from the human capital theory initiated by Becker (1962, 1964) and consider an organization that cannot prevent the worker from quitting and using the knowledge outside the organization. We study how...

Persistent link: https://www.econbiz.de/10011183768