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of charity auctions, art auctions, and spectrum auctions. …
Persistent link: https://www.econbiz.de/10011664217
In procurement auctions, bidders are usually better informed about technical, financial, or legal aspects of the goods …
Persistent link: https://www.econbiz.de/10012167341
Using laboratory experiments, we compare the stability of bidding rings in the English auction and the first-price sealed-bid auction in a heterogeneous-value setting. In both a re-matching condition and a fixed-matching condition, we observe that biddings rings are more stable in the English...
Persistent link: https://www.econbiz.de/10011960510
Unique-lowest sealed-bid auctions are auctions in which participation is endogenous and the winning bid is the lowest … bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in pure and mixed strategies. The two …
Persistent link: https://www.econbiz.de/10011374396
divestitures. The Dutch government has doneexactly that, organizing auctions to redistribute tenancy rights for highway …
Persistent link: https://www.econbiz.de/10011377389
We study auctions in which the number of potential bidders is large, such as in Internet auctions. With numerous … Internet auctions. …
Persistent link: https://www.econbiz.de/10011343281
lottery ticket.li one license is auctioned, auctions select the firm that is least risk averse.This is what we call the risk …
Persistent link: https://www.econbiz.de/10011343288
If a government auctions the right to market a good, continuity is likely to be of significant importance. In a …
Persistent link: https://www.econbiz.de/10011383054
activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while … effects, the latter has the upper hand; average bids decrease monotonically over the consecutive auctions. Since repetition …
Persistent link: https://www.econbiz.de/10011932593
We experimentally examine the effectiveness of antitrust policies against bidding rings in theEnglish auction (EN) and the first-price sealed-bid auction (FP). We consider both traditionalantitrust policy (without a leniency program) and modern antitrust policy (with a leniencyprogram). In EN,...
Persistent link: https://www.econbiz.de/10011379129