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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

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

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

On seller estimates and buyer returns

Gershkov, Alex; Toxvaerd, Flavio - 2006

This paper revisits recent empirical research on buyer credulity in arts auctions and auctions for assets in general …

Persistent link: https://www.econbiz.de/10010365885

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

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

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

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

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

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