Showing 1 - 10 of 35
particularly high valuations, expressed by their high complementarity. We present a simple algorithm for identifying these bundles …
Persistent link: https://www.econbiz.de/10005345616
We develop a powerful and user-friendly program for numerically solving first price auction problems where an arbitrary … the assumption of first order stochastic dominance, the first price auction generates higher expected revenue to the … seller, while the second price auction is more susceptible to collusive activities. However, when the assumption of first …
Persistent link: https://www.econbiz.de/10005345063
previous stages of the auction are observed, we demonstrate nonparametric identification and then propose a semi … were a Dutch auction employed instead …
Persistent link: https://www.econbiz.de/10005345301
fundamental trading principles of the Xetra System showing that it is a multi-unit double auction. We formalize the price …
Persistent link: https://www.econbiz.de/10005345323
. Consider an auction model, in which bidders draw their values from the same distribution, but then identity of the high … second-price auction. In their paper, Landsberger, et al. only consider the first-price auction without the seller's reserve … the first-price auction, the analytically intractable equilibrium is approximated using computational techniques …
Persistent link: https://www.econbiz.de/10005345572
This paper explores how the introduction of Rational Inattention (RI) affects optimal consumption and portfolio rules and asset pricing in the consumption-based CAPM framework. I first solve an otherwise standard portfolio choice and asset pricing model with RI explicitly and show that RI can...
Persistent link: https://www.econbiz.de/10005706232
Persistent link: https://www.econbiz.de/10005132827
The growing number of auction sites on the internet enable game theorists to ask strategic questions on rationality of … strategically differ from a single-round sealed-bid second-price auction.\t The major difference between auction formats is about … auctions. Hence, the seemingly small difference in auction ending can cause later bids in the eBay auctions than Amazon.com. In …
Persistent link: https://www.econbiz.de/10005132879
Online Escrow is emerging as an effective services to secure online trades in C2C Internet auctions. An online escrow service provider acts as a middle man in the exchange of goods and payment to protect tradersÌ benefit from Internet fraud. The ongoing research presented in this paper is to...
Persistent link: https://www.econbiz.de/10005170603
In this paper, a simulation of high-frequency market data is performed with the Genoa Artificial Stock Market. In the market model, heterogeneous agents trade a risky asset in exchange for cash. Agents have zero intelligence and issue random limit or market orders depending on their budget...
Persistent link: https://www.econbiz.de/10005537615