Narrow search
Showing 1 - 10 of 100
Cover Image
Framing Effects, Selective Information andMarket Behavior An Experimental Analysis
Kirchler, Erich; Maciejovsky, Boris; Weber, Martin - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004
continuous double auction, indicate that objectivelyirrelevant information influences trading behavior. Moreover, positively and …
Persistent link: https://www.econbiz.de/10005866816
Cover Image
Asymmetric Auction Experiments With(out) Commonly Known Beliefs
Güth, Werner; Ivanova-Stenzel, Radosveta - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002
Are commonly known beliefs essential for bidding behavior in asymmetric auctions? Our experimental results suggest that not informing participants how values are randomly generated does not change behavior much and may even make it appear more rational.
Persistent link: https://www.econbiz.de/10005867012
Cover Image
Least Unmatched Price Auctions:A First Approach
Eichberger, Jürgen; Vinogradov, Dmitri V. - Alfred-Weber-Institut für Sozial- und … - 2008
Least-Unmatched Price Auctions have become a popular format of TV and radio shows. Increasingly,they are also applied in internet trading. In these auctions the lowest single (unique)bid wins. We analyze the game-theoretic solution of least unmatched price auctions when prize,bidding cost and...
Persistent link: https://www.econbiz.de/10005868395
Cover Image
Paintings and Numbers : An Econometric Investigation of Sales Rates, Prices and Returns in Latin American Art Auctions
Campos, Nauro F.; Barbosa, Renata Leite - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
This paper uses a unique data set of Latin American paintings auctioned by Sotheby's between 1995 and 2002 to investigate several puzzles from the recent auctions literature. Our results suggest that: (1) the reputation of an artist and the provenance of the artwork, omitted variables in most...
Persistent link: https://www.econbiz.de/10005860085
Cover Image
Documentation of a multi-topic questionnaire-based survey on sustainable resource use in rural China
Jia, Xiangping; Buchenrieder, Gertrud - 2007
This Discussion Paper documents a survey conducted in rural China in 2005. A multi-topic survey funded by the Sino-German international Training Program Sustainable Resource Use in North China, the project covers farm management, land property rights and rural credit access on the North China...
Persistent link: https://www.econbiz.de/10010299316
Cover Image
A model united nations experiment on climate negotiations
Hofmann, Elisa; Kyriacou, Lucas; Schmidt, Klaus M. - 2021
Weitzman (2014) proposed that focusing international climate negotiations on a uniform carbon price is more effective than Paris style negotiations in achieving ambitious climate action. We put this hypothesis to an experimental test by simulating international negotiations on climate change in...
Persistent link: https://www.econbiz.de/10012504513
Cover Image
Das Design von Klimaschutzverhandlungen
Schmidt, Klaus M. - 2021
In seiner Thünen-Vorlesung vor dem Verein für Socialpolitik im Herbst 2020 hat Klaus Schmidt das Design von Klimaschutzverhandlungen untersucht. Er geht dabei von einem Vorschlag Martin Weitzmans aus, künftige Verhandlungen auf einen einheitlichen CO2-Mindestpreis zu fokussieren. Wäre ein...
Persistent link: https://www.econbiz.de/10012504517
Cover Image
Bayesian implementation and rent extraction in a multi-dimensional procurement problem
Herweg, Fabian; Schmidt, Klaus M. - 2018
We consider a multi-dimensional procurement problem in which sellers have private information about their costs and about a possible design flaw. The information about the design flaw is necessarily correlated. We solve for the optimal Bayesian procurement mechanism that implements the efficient...
Persistent link: https://www.econbiz.de/10011985277
Cover Image
Ex-Post Optimal Knapsack Procurement
Jarman, Felix; Meisner, Vincent - 2017
settings in which the class of optimal mechanisms has a deferred acceptance auction representation which allows an … implementation with a descending-clock auction. Only in the case of symmetric projects do price clocks descend synchronously such …
Persistent link: https://www.econbiz.de/10011932892
Cover Image
Optimal Cost Overruns: Procurement Auctions with Renegotiation
Herweg, Fabian; Schwarz, Marco A. - 2017
procedure: The procurer awards the contract via a price-only auction and cannot commit not to renegotiate. If cost differences … price exceeds the initial price. Moreover, the procurer cannot benefit from using a multi-dimensional auction, i.e., under … the optimal scoring auction each supplier proposes the standard design. …
Persistent link: https://www.econbiz.de/10011932921