Showing 1 - 10 of 2,439
Persistent link: https://www.econbiz.de/10009724816
Where markets are insufficiently competitive, governments can intervene by auctioninglicenses to operate or by forcing divestitures. The Dutch government has doneexactly that, organizing auctions to redistribute tenancy rights for highway gasolinestations and forcing the divestiture of outlets...
Persistent link: https://www.econbiz.de/10011377389
claim that market competition andbidding in an auction should be analyzed as part of one game, where the pricingstrategies …
Persistent link: https://www.econbiz.de/10011333269
as equilibrium phenomena of the ascending auction. In a series of experiments, we compare its performance to that of the … discriminatory auction. Strategic demand reduction is quite prevalent in the ascending auction even when entry by the newcomer … imposes a (large) negative externality on incumbents. As a result, the ascending auction performs worse than the …
Persistent link: https://www.econbiz.de/10011342575
firms' risk attitudes and the fact that future market prof-its are uncertain so that winning an auction is like winning a …
Persistent link: https://www.econbiz.de/10011343288
Persistent link: https://www.econbiz.de/10001791853
Persistent link: https://www.econbiz.de/10009722993
Persistent link: https://www.econbiz.de/10003811432
Persistent link: https://www.econbiz.de/10002695286
We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we … confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation … between emotions andbidding behavior in a second auction series. Our main results are: (i) the economic shock has asubstantial …
Persistent link: https://www.econbiz.de/10011333886