Narrow search
Showing 1 - 10 of 78
Cover Image
Risk Aversion Relates to Cognitive Ability: Fact or Fiction?
Andersson, Ola; Tyran, Jean-Robert; Wengström, Erik; … - Institutet för Näringslivsforskning (IFN) - 2013
population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able …
Persistent link: https://www.econbiz.de/10010729196
Cover Image
Deciding for Others Reduces Loss Aversion
Andersson, Ola; Holm, Håkan J.; Tyran, Jean-Robert; … - Institutet för Näringslivsforskning (IFN) - 2013
We study risk taking on behalf of others, both with and without potential losses. A large-scale incentivized experiment …
Persistent link: https://www.econbiz.de/10010818406
Cover Image
Luck, Choice and Responsibility: An Experimental Study of Fairness Views
Möllerström, Johanna; Reme, Bjørn-Atle; Sørensen, … - Institutet för Näringslivsforskning (IFN) - 2014
We conduct a laboratory experiment where third-party spectators can redistribute resources between two agents, thereby …
Persistent link: https://www.econbiz.de/10010818526
Cover Image
Sealed Bid Auctions vs. Ascending Bid Auctions: An Experimental Study
Andersson, Christer; Andersson, Ola; Andersson, Tommy - Institutet för Näringslivsforskning (IFN) - 2011
This paper considers the sealed bid and ascending auction, which both identifies the minimum Walrasian equilibrium … prices and where truthful preference revelation constitutes an equilibrium. Even though these auction formats share many … paper experimentally investigates what role the design of the auction format has for its outcome. The results suggest that …
Persistent link: https://www.econbiz.de/10009323347
Cover Image
Congestion Management in Electricity Networks: Nodal, Zonal and Discriminatory Pricing
Holmberg, Pär; Lazarczyk, Ewa - Institutet för Näringslivsforskning (IFN) - 2012
Wholesale electricity markets use different market designs to handle congestion in the transmission network. We compare nodal, zonal and discriminatory pricing in general networks with transmission constraints and loop flows. We conclude that in large games with many producers who are allowed to...
Persistent link: https://www.econbiz.de/10011271350
Cover Image
Mixed Strategies in Discriminatory Divisible-good Auctions
Anderson, Edward J.; Holmberg, Pär; Philpott, Andrew B. - Institutet för Näringslivsforskning (IFN) - 2009
Author: Edward J. Anderson, Pär Holmberg and Andrew B. Philpott Keywords: Pay-as-bid Auction; Divisible Good Auction …
Persistent link: https://www.econbiz.de/10008491695
Cover Image
Game-theoretical, Strategic forward Contracting in the Electricity Market
Holmberg, Pär - Institutet för Näringslivsforskning (IFN) - 2008
Forward sales is a credible commitment to aggressive spot market bidding, and it mitigates producers’ market power in electricity markets. Still it can be profitable for a producer to make such a commitment if it results in a soft response from competitors in the spot market (strategies are...
Persistent link: https://www.econbiz.de/10005645406
Cover Image
Supply Function Equilibria in Networks with Transport Constraints
Holmberg, Pär; Philpott, Andrew - Institutet för Näringslivsforskning (IFN) - 2012
Transport constraints limit competition and arbitrageurs' possibilities of exploiting price differences between goods in neighbouring markets, especially when storage capacity is negligible. We analyse this in markets where strategic producers compete with supply functions, as in wholesale...
Persistent link: https://www.econbiz.de/10010818454
Cover Image
Pro-Competitive Rationing in Multi-Unit Auctions
Holmberg, Pär - Institutet för Näringslivsforskning (IFN) - 2014
In multi-unit auctions, such as auctions of commodities and securities, and financial exchanges, it is necessary to specify rationing rules to break ties between multiple marginal bids. The standard approach in the literature and in practice is to ration marginal bids proportionally. This paper...
Persistent link: https://www.econbiz.de/10011157170
Cover Image
Tacit Collusion and Capacity Withholding in Repeated Uniform Price Auctions
Dechenaux, Emmanuel; Kovenock, Dan - Institutet för Näringslivsforskning (IFN) - 2005
which the monopoly outcome with equal sharing is sustainable in the uniform price auction, but not in the corresponding … discriminatory auction. Moreover, capacity withholding may be necessary to sustain this outcome. We extend these results to the case …
Persistent link: https://www.econbiz.de/10005645307