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Search Frictions, Competing Mechanisms and Optimal Market Segmentation

Cai, Xiaoming - 2016

the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of … be decentralized by sellers posting auctions combined with a fee that is paid by (or to) all buyers with whom the seller …

Persistent link: https://www.econbiz.de/10012988409

The Scope of Auctions in the Presence of Downstream Interactions and Information Externalities

Koska, Onur A. - 2015

We scrutinize the scope of auctions in the presence of downstream interactions and information externalities by using … allocation and transfer rules. A pooling auction serves as a commitment device against ex-post opportunistic behavior and …

Persistent link: https://www.econbiz.de/10013024732

Auctions vs. Negotiations : The Case of Favoritism

Gretschko, Vitali - 2013

We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …

Persistent link: https://www.econbiz.de/10013089156

Charity Auctions for the Happy Few

Bos, Olivier - 2008

Recent literature has shown that all-pay auctions raise more money for charity than winner-pay auctions. We demonstrate … that the first and second-price winner-pay auctions generate higher revenue than first-price all-pay auctions when bidders …

Persistent link: https://www.econbiz.de/10012770254

An Externality-Robust Auction : Theory and Experimental Evidence

Bartling, Björn - 2014

. The equilibrium and its outcome will then persist if certain types of externalities arise between bidders. One example are … externalities due to spiteful preferences, which have been used to explain overbidding in the second-price auction (SPA). Another …

Persistent link: https://www.econbiz.de/10013054012

Treasury Auctions and Secondary Market Dynamics. An Analysis Based on the MTS Market for Italy

Cafiso, Gianluca - 2015

Auctions of government bonds are the main allotment method used by the Treasury of advanced economies. Previous … research has found that auctions have an influence on the market yield days before they take place, and underpricing is usually …

Persistent link: https://www.econbiz.de/10013021758

Optimal Cost Overruns : Procurement Auctions and Renegotiation

Herweg, Fabian - 2016

Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award procedure when the procurer cannot commit not to renegotiate. If cost differences are more pronounced for more complex designs, it is optimal to fix a simple design ex ante and to...

Persistent link: https://www.econbiz.de/10012993698