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Optimal bid disclosure in license auctions with downstream interaction
Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2014
The literature on license auctions for process innovations in oligopoly assumed that the auctioneer reveals the winning …, partial, and no disclosure of bids, which correspond to standard auctions. We show that more information disclosure increases …
Persistent link: https://www.econbiz.de/10010378352
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License auctions with exit (and entry) options : alternative remedies for the exposure problem
Hu, Luke; Wolfstetter, Elmar - 2012
Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the …
Persistent link: https://www.econbiz.de/10009685869
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Auctions with imperfect commitment when the reserve may signal the auctioneer's type
Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2013
If bidders are uncertain whether the auctioneer sticks to the announced reserve, some bidders respond by not bidding, speculating that the auctioneer may revoke the reserve. However, the reserve inadvertently signals the auctioneer's type, which drives a unique separating and a multitude of...
Persistent link: https://www.econbiz.de/10009781360
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Authorized generic entry prior to patent expiry : reassessing incentives for independent generic entry
Appelt, Silvia - 2010
Patent holders attempt to mitigate the loss of monopoly power by authorizing generic entry prior to patent expiry (early entry). Off-patent competition may be adversely affected if early entry substantially lowers the attractiveness of subsequent generic entry. This study assesses the impact of...
Persistent link: https://www.econbiz.de/10008939409
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A simple way to identify the degree of collusion under proportional reduction
Shcherbakov, Oleksandr; Wakamori, Naoki - 2015 - This Draft: April 7, 2015
continuous, has a simple interpretation as the "degree of collusion" and nests the earlier models in the existing literature …
Persistent link: https://www.econbiz.de/10010516619
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Clustered bids in first-price auctions : collusion or competition?
Leverano, Adriano de - In: Economics letters 233 (2023), pp. 1-4
Persistent link: https://www.econbiz.de/10014506238
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Subsidies, knapsack auctions and Dantzig’s greedy heuristic
Ensthaler, Ludwig; Giebe, Thomas - 2009
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10003848830
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Auctioning process innovations when losers' bids determine royalty rates
Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2010
We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to those who lose the auction. Firms' bids are dual signals of their cost reductions: the winning bid signals the own cost reduction to rival oligopolists, whereas the losing bid...
Persistent link: https://www.econbiz.de/10003935644
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Licensing a common value innovation when signaling strength may backfire
Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2010
of combining auctions and royalty contracts for losers. …
Persistent link: https://www.econbiz.de/10003935649
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Buy-it-now prices in eBay auctions : the field in the lab
Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2010
Electronic commerce has grown extraordinarily over the years, with online auctions being extremely successful forms of … trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows … in Buy-It-Now auctions, as to this point little is known about how sellers set Buy-It-Now prices. We investigate into …
Persistent link: https://www.econbiz.de/10003935655