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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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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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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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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; 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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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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Highway to Economic Growth? Competition in Public Works Tenders in the Democratic Republic of Congo
Galletta, Sergio - 2013
The Democratic Republic of Congo (DRC) is one of the poorest countries in the World. The construction sector will play an essential part to bring the country on the path of economic growth, and competition within the sector is crucial to achieve this goal. In this paper we analyze the effect of...
Persistent link: https://www.econbiz.de/10013088795