Showing 1 - 10 of 176
In second price internet auctions with a fixed end time, such as those on eBay, many bidders snipe , i.e., they submit … second price internet auctions, in which very late bids have a positive probability of not being successfully submitted, and … their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that …
Persistent link: https://www.econbiz.de/10011508091
A great deal of late bidding has been observed on internet auctions such as eBay, which employ a second price auction … with a fixed deadline. Much less late bidding has been observed on internet auctions such as those run by Amazon, which … the different ending rules under controlled conditions, without the other differences between internet auction houses that …
Persistent link: https://www.econbiz.de/10011508080
In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we … bidding, and how it altogether changes the revenue ranking of typical auctions. In addition we characterize incentive schemes …
Persistent link: https://www.econbiz.de/10011397659
market conditions, and provides a theoretical explanation of low price equilibria in simultaneous, ascending-bid auctions …
Persistent link: https://www.econbiz.de/10011399147
introduced in England and adopted in Switzerland and elsewhere is a cause of the disappointing performance of many UMTS auctions … revenue or more competition. The paper closes with several proposals on how one should conduct future spectrum auctions. …
Persistent link: https://www.econbiz.de/10011399586
competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and …
Persistent link: https://www.econbiz.de/10011400807
In mechanism design, Myerson regularity is often too weak for a quantitative analysis of performance. For instance, ratios between revenue and welfare, or sales probabilities may vanish at the boundary of Myerson regularity. This paper therefore explores the quantitative version of Myerson...
Persistent link: https://www.econbiz.de/10011416003
Auctions are the allocation-mechanisms of choice whenever goods and information in markets are scarce. Therefore … comparative statics of welfare versus revenues for auctions with one or more objects and varying numbers of bidders. Depending on …
Persistent link: https://www.econbiz.de/10011334234
We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …. -- corruption ; auctions ; negotiations ; public procurement …
Persistent link: https://www.econbiz.de/10009689581
I extend multi-unit auction estimation techniques to a setting in which firms can express cost complementarities over time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate these complementarities, which in these markets arise due...
Persistent link: https://www.econbiz.de/10010356362