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Self-Allocation in Contests
Bernergard, Axel - 2017
We consider contestants who must choose exactly one contest, out of several, to participate in. We show that when the contest technology is of a certain type, or when the number of contestants is large, a self-allocation equilibrium, i.e., one where no contestant would wish to change his choice...
Persistent link: https://www.econbiz.de/10012947451
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Security Bid Auctions for Agency Contracts
Jun, Byoung - 2014
A principal uses security bid auctions to award an incentive contract to one among several agents in the presence of … call a fixed wage contract, tends to outperform all other auctions, although it is not an optimal mechanism. However, by … adding output targets to hybrid share auctions one can (arbitrary closely) implement the optimal mechanism …
Persistent link: https://www.econbiz.de/10013060470
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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
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Security Bid Auctions for Agency Contracts
Jun, Byoung Heon; Wolfstetter, Elmar G. - CESifo - 2013
A principal uses security bid auctions to award an incentive contract to one among several agents in the presence of … call a fixed wage contract, tends to outperform all other auctions, although it is not an optimal mechanism. However, by … adding output targets to hybrid share auctions one can (arbitrary closely) implement the optimal mechanism. …
Persistent link: https://www.econbiz.de/10010877882
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Auctions with Imperfect Commitment when the Reserve May Serve as a Signal
Jun, Byoung Heon; Wolfstetter, Elmar G. - CESifo - 2014
If bidders are uncertain whether the auctioneer sticks to the announced reserve, some bidders respond by strategic non-participation, speculating that the auctioneer may revoke the reserve. However, the reserve inadvertently signals the auctioneer’s type, which drives a unique separating and a...
Persistent link: https://www.econbiz.de/10010735190
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Auctions with Imperfect Commitment When the Reserve May Serve as a Signal
Jun, Byoung - 2014
If bidders are uncertain whether the auctioneer sticks to the announced reserve, some bidders respond by strategic non-participation, speculating that the auctioneer may revoke the reserve. However, the reserve inadvertently signals the auctioneer's type, which drives a unique separating and a...
Persistent link: https://www.econbiz.de/10013059473
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Auctions vs. Negotiations: The Case of Favoritism
Gretschko, Vitali; Wambach, Achim - CESifo - 2012
We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …
Persistent link: https://www.econbiz.de/10010599726
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Complementary Bidding Mechanisms and Startup Costs in Electricity Markets
Reguant, Mar - 2014
time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate … that taking them into account helps better explain firm bidding strategies and production patterns. As in other dynamic …
Persistent link: https://www.econbiz.de/10013052093
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Net Neutrality and Internet Fragmentation : The Role of Online Advertising
D'Annunzio, Anna - 2015
We investigate the relation between Net Neutrality regulation and Internet fragmentation. We model a two-sided market, where Content Providers (CPs) and consumers interact through Internet Service Providers (ISPs), and CPs sell consumers' attention to advertisers. Under Net Neutrality, a...
Persistent link: https://www.econbiz.de/10013017710
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Complementary Bidding Mechanisms and Startup Costs in Electricity Markets
Reguant, Mar - CESifo - 2014
time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate … that taking them into account helps better explain firm bidding strategies and production patterns. As in other dynamic …
Persistent link: https://www.econbiz.de/10010877888