Showing 1 - 10 of 18
profitable than standard license auctions, auctioning royalty contracts, fixed-fee licensing, pure royalty licensing, and two …
Persistent link: https://www.econbiz.de/10010333797
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10010333849
licensing without reducing bidders' surplus; therefore, it is more profitable than both standard license auctions and pure …
Persistent link: https://www.econbiz.de/10010333918
We present a new dynamic auction for procurement problems where payments are bounded by a hard budget constraint and money does not enter the procurer's objective function.
Persistent link: https://www.econbiz.de/10010334157
Electronic commerce has grown extraordinarily over the years, with online auctions being extremely successful forms of … trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows … in Buy-It-Now auctions, as to this point little is known about how sellers set Buy-It-Now prices. We investigate into …
Persistent link: https://www.econbiz.de/10010333716
to making an auction choice impacts their choice decision and/or the outcome of the auctions. The results show a strong …
Persistent link: https://www.econbiz.de/10010333724
The conventional wisdom in the auction design literature is that first price sealed bid auctions tend to make more … money while ascending auctions tend to be more efficient. We re-examine these issues in an environment in which bidders are … 'overentry' into the ascending auctions. …
Persistent link: https://www.econbiz.de/10010333747
bidders could resolve this anomaly the claim that risk aversion drives overbidding in first price auctions is somewhat …
Persistent link: https://www.econbiz.de/10010333800
experiment to study seller behavior in online auctions with a Buy-It-Now feature, where early potential bidders have the … invited eBay buyers and sellers into the lab to participate in a series of auctions on the eBay platform. We investigate how …
Persistent link: https://www.econbiz.de/10010333933
This paper evaluates how R&D subsidies to the business sector are typically awarded. We identify two sources of ine_ciency: the selection based on a ranking of individual projects, rather than complete allocations, and the failure to induce competition among applicants in order to extract and...
Persistent link: https://www.econbiz.de/10010333941