Showing 1 - 10 of 31
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
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
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
This paper provides a tractable empirical framework to analyze firm behavior in a dynamic oligopoly when demand is declining over time. I modify Fudenberg and Tirole (1986).s model of exit in a duopoly with incomplete information to a model that can be used in an oligopoly, and combine this with...
Persistent link: https://www.econbiz.de/10010199001
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
In a recurring auction early bids may reveal bidders' types, which in turn affects bidding in later auctions. Bidders … present paper analyzes the equilibrium of a sequence of ?rst-price auctions assuming bidders have stable private values. We …
Persistent link: https://www.econbiz.de/10003848869
without entry fees, and optimal scoring auctions with and without minimum score requirement. Our main result is that the …
Persistent link: https://www.econbiz.de/10003848872
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
of combining auctions and royalty contracts for losers. …
Persistent link: https://www.econbiz.de/10003935649
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