Showing 1 - 10 of 12
If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities …
Persistent link: https://www.econbiz.de/10010261198
The seminal paper by Salant, Switzer and Reynolds (1983) showed that merger in a standard Cournot framework with linear demand and linear costs is not profitable unless a large majority of the firms are involved in the merger. However, many strategic aspects matter for firm competition such as...
Persistent link: https://www.econbiz.de/10010261187
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 analyzes the trade of an indivisible good within a two-stage mechanism, where a seller first negotiates with one potential buyer about the price of the good. If the negotiation fails to produce a sale, a second 'price sealed' bid auction with an additional buyer is conducted. The...
Persistent link: https://www.econbiz.de/10010333988
Where product innovation requires several complementary patents, fragmented property rights can be a factor that limits firms' willingness to invest in the development and commercialization of new products. This paper studies multiple simultaneous R&D contests for complementary patents and how...
Persistent link: https://www.econbiz.de/10010334045
We study experimentally the effect of bargaining power in two sequential mechanisms that offer the possibility to trade at a fixed price before an auction. In the “Buy-It-Now” format, the seller has the bargaining power and offers a price prior to the auction; whereas in the...
Persistent link: https://www.econbiz.de/10011431199