Showing 1 - 10 of 23
In empirical studies of sequential auctions of identical objects prices have been found to decline.We study auctions of … ancient Chinese porcelain recovered from shipwrecks.In these auctions there are very long sequences of lots of identical …
Persistent link: https://www.econbiz.de/10011090425
We determine the equilibrium in two transaction mechanisms: auctions and posted prices. Agents choose whether to … participate in markets where trades are consummated by auctions or in markets where sellers post prices. We show that the selling …
Persistent link: https://www.econbiz.de/10011090508
Persistent link: https://www.econbiz.de/10011090521
groups. Different economic situations like auctions, communication situations, sequencing situations and flow situations are …
Persistent link: https://www.econbiz.de/10011090722
values is uncertain and bidders exhibit ambiguity aversion. In contrast to sealed-bid auctions, in open auctions the bidders … this is not the case for continuous price descending auctions. This is new among a few theoretical cases where ambiguity …
Persistent link: https://www.econbiz.de/10011090949
Persistent link: https://www.econbiz.de/10011091049
We study sealed-bid auctions with financial externalities, i.e., auctions in which losers' utilities depend on how much …
Persistent link: https://www.econbiz.de/10011091066
This paper examines the investment performance of diamonds and other gems (sapphires, rubies, and emeralds) over the period 1999-2010, using a novel data set of auction transactions. Between 1999 and 2010, the annualized real USD returns for white and colored diamonds equaled 6.4% and 2.9%,...
Persistent link: https://www.econbiz.de/10011091097
diamonds and other types of gems including sapphires, rubies, and emeralds). The transactions are coming from gem auctions and …
Persistent link: https://www.econbiz.de/10011091121
In this paper we review, and draw some lessons from, the UMTS-auctions that have taken place in Europe during 2000 and … possibilities for collusion.An outlook is provided to several other auctions in which the stakes may not be so high, but the design …
Persistent link: https://www.econbiz.de/10011091205