Showing 1 - 10 of 114
We contribute to the literature on the optimal design of auction mechanisms for the procurement of nature conservation … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while …
Persistent link: https://www.econbiz.de/10011932593
Aftermarket social welfare is largely determined by a procurement auction design. Auctions select firms for operating …
Persistent link: https://www.econbiz.de/10014446446
predicts individual landowners' bids, overall participation rates in the auction, as well as the expected net benefits to the … conservation agency. We find that market efficiency of the auction increases in the number of potential corridors. We use … simulations to compare a benchmark auction with two policy scenarios in a hypothetical landscape. In one scenario, members of a …
Persistent link: https://www.econbiz.de/10011636462
-price dimensions after the auction. Both auctions theoretically implement the surplus maximizing mechanism. Our experiment confirms …
Persistent link: https://www.econbiz.de/10011379431
the use of these reverse auctions has grown rapidly over the past decades. For the (reverse) unit price auction experience … competition, incentives in unit price auction change in such a way that can make bid skewing disappear. …
Persistent link: https://www.econbiz.de/10011386002
Persistent link: https://www.econbiz.de/10010191400
question of the value added of letting the sourcing process consist of both an auction and a negotiation stage, theoretically … auction is beneficial to the buyer compared to no communication and ex-ante communication. In a setting where the buyer and …
Persistent link: https://www.econbiz.de/10012167341
first-price sealed-bid auction (FPSB). In theory, both tacit and overt collusion are always incentive compatible in EN while …We experimentally examine the collusive properties of two commonly used auctions: the English auction (EN) and the … both can be incentive compatible in FPSB if the auction is repeated and bidders are patient enough. We find that the …
Persistent link: https://www.econbiz.de/10011382492
This paper provides a structural empirical analysis of Dutch auctions of houseplants at the flower auction in Aalsmeer … auction participants, and as such these data are collectible due to neurological constraints on information processing. The …
Persistent link: https://www.econbiz.de/10011372506
-bidders' auction is similar to the Hawk-Dove game, which motivates to study symmetric NEs: Properties and comparative statics are …
Persistent link: https://www.econbiz.de/10011374396