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Optimal Use of Rewards as Commitment Device When Bidding is Costly
Hu, Luke - Volkswirtschaftliche Fakultät, … - 2012
This paper considers procurement auctions with costly bidding when the auctioneer is unable to commit himself to …
Persistent link: https://www.econbiz.de/10010556728
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Auctioning Process Innovations when Losers’ Bids Determine Royalty Rates
Fan, Cuihong; Jun, Byoung Heon; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2009
We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to those who lose the auction. Firms’ bids are dual signals of their cost reductions: the winning bid signals the own cost reduction to rival oligopolists, whereas the losing...
Persistent link: https://www.econbiz.de/10008501954
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Licensing a common value innovation when signaling strength may backfire
Fan, Cuihong; Jun, Byoung Heon; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2010
of combining auctions and royalty contracts for losers. …
Persistent link: https://www.econbiz.de/10008501956
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License Auctions with Royalty Contracts for (Winners and) Losers
Giebe, Thomas; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2007
profitable than standard license auctions, auctioning royalty contracts, fixed–fee licensing, pure royalty licensing, and two …
Persistent link: https://www.econbiz.de/10005739670
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Seller Competition by Mechanism Design
Damianov, Damian - Volkswirtschaftliche Fakultät, … - 2008
auctions with an efficient reserve price but charge an entry fee. The entry fee depends on the number of buyers and sellers …
Persistent link: https://www.econbiz.de/10005835726
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Searching the eBay Marketplace
Sailer, Katharina - Volkswirtschaftliche Fakultät, … - 2006
from a sequence of eBay auctions. First the aspect of bidding in a marketplace environment is developed. Form the simple … a "reservation bid" for low-price auctions. Extending results from the empirical auction literature and employing a …
Persistent link: https://www.econbiz.de/10005121206
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Bidding behaviors in eBay auctions: secret reservation price and endogenous entry
JIAO, FENG - Volkswirtschaftliche Fakultät, … - 2011
This paper analyzes the secret reservation price in eBay auctions. Under the assumptions of secret and public …
Persistent link: https://www.econbiz.de/10009372532
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Bid Rigging. An Analysis of Corruption in Auctions
Lengwiler, Yvan; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2005
In many auctions, the auctioneer is an agent of the seller. This invites corruption. We propose a model of corruption … profitable. We characterize equilibrium bidding in first- and second-price auctions, show how corruption distorts the allocation …
Persistent link: https://www.econbiz.de/10005785839
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Buying Anonymity: An Investigation of Petroleum and Natural Gas Lease Auctions
Winter, Jennifer L. - Volkswirtschaftliche Fakultät, … - 2010
information, rather than the effect of revealing or concealing its existence. An institutional feature of the auctions for …
Persistent link: https://www.econbiz.de/10009395494
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Auctions for Infrastructure Concessions with Demand Uncertainty and Unknown Costs
Nombela, Gustavo; de Rus, Gines - Volkswirtschaftliche Fakultät, … - 2001
Auction mechanisms commonly used in practice for awarding infrastructure concession contracts induce a bias towards the selection of concessionaires who are optimistic about demand, but are not necessarily cost-efficient. This helps to explain the frequent renegotiation of concessions observed...
Persistent link: https://www.econbiz.de/10005835519