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? Utilizing a detailed data set on Government of Canada securities auctions, we argue that the answer is yes. Direct participation … customer bids, and dealers observing customer bid can predict the auction cutoff price better. Customers also respond …
Persistent link: https://www.econbiz.de/10012467569
passed without a bid. The strategic differences in the auction rules are reflected in the auction data by significantly more … about ending the auction playing an important role …
Persistent link: https://www.econbiz.de/10012471021
timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and …
Persistent link: https://www.econbiz.de/10012471603
The empirical analysis of auction data has become a thriving field of research over the past thirty years. Relying on …
Persistent link: https://www.econbiz.de/10012696420
I show that frequent batch auctions for stocks have the potential to reduce the severity of stock price crashes when they occur. For a given sequence of orders from a continuous electronic limit order book market, matching orders using one second apart batch auctions results in nearly the same...
Persistent link: https://www.econbiz.de/10012480285
"per install" basis--plays a major role in the mix and characteristics of auction winners, and, consequently, in their … number of such users. The distortion becomes worse as the auction gets more competitive and the number of bidders increases …
Persistent link: https://www.econbiz.de/10012482310
We analyze a new auction format in which bidders pay a fee each time they increase the auction price. Bidding fees are … predicts a particular distribution of ending prices, which we test against observed auction data. Our model fits the data well …
Persistent link: https://www.econbiz.de/10012462957
role of timing within an ascending auction, and the possibilities for price forecasting -- and how economic and game … auction, in which a new entrant, SpectrumCo, faced all these problems yet managed to purchase nationwide coverage at a … discount of roughly a third relative to the prices paid by its incumbent competitors in the same auction, saving more than a …
Persistent link: https://www.econbiz.de/10012463882
.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more … value auction model with endogenous participation can account for these qualitative effects of auction format. We estimate … an assessment of bidder competitiveness, which has important consequences for auction choice …
Persistent link: https://www.econbiz.de/10012464059
changes make the actions of bidders less visible during the auction and also limit the set of bids which can be submitted by a … this proposition using data from 4 auctions: the PCS C Block, Auction 35, the Advanced Wireless Service auction and the 700 … Mhz auction. We examine the frequency of jump bids, retaliatory bids and straightforward bids across these auctions. While …
Persistent link: https://www.econbiz.de/10012464206