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In this paper we analyse scoring auctions with general non-quasilinear scoring rules. We assume that cost function of each firm is additively separable in quality and type. In sharp contrast to the recent results in the literature we show the following. (i) Equilibria in scoring auctions can be...
Persistent link: https://www.econbiz.de/10013052249
Recent years have seen growing cases of data-driven tech mergers such as Google/Fitbit, inwhich a dominant digital platform acquires a relatively small rm possessing a large volumeof consumer data. The digital platform can consolidate the consumer data with its existingdata set from other...
Persistent link: https://www.econbiz.de/10012544000
the new technology. A firm has to buy the technology in a 'scoring auction'. This means that both the price and the … outcome in the 'scoring auction'. We show that the nature of competition (Cournot or Bertrand) has no effect on the …
Persistent link: https://www.econbiz.de/10011421480
the new technology. A firm has to buy the technology in a 'scoring auction'. This means that both the price and the … outcome in the 'scoring auction'. We show that the nature of competition (Cournot or Bertrand) has no effect on the …
Persistent link: https://www.econbiz.de/10013057120
This paper studies collusion in repeated auctions when bidders communicate prior to each stage auction. The paper … identifies conditions under which an equilibrium collusion scheme is fully efficient in the sense that the bidders' payoff is …
Persistent link: https://www.econbiz.de/10010332262
We examine auction data to determine if bid rigging presents in procurement auctions for paving works in Ibaraki City … the ring is all-inclusive if the auction is not the bidding war, we estimate the scheme by which the ring allocates a win …
Persistent link: https://www.econbiz.de/10014217151
We analyze the optimal reserve price in a second price auction when there are N types of bidders whose valuations are … decrease. Finally, we give sufficient conditions that ensure the seller will not use a reserve price; hence, the auction will …
Persistent link: https://www.econbiz.de/10010332453
We consider mergers between multi-product firms in a market with monopolistically competitive fringe of single-product firms. Aggregate product variety is determined by product variety choices of multi-product firms and entry/exit decisions of single-product firms. Mergers can generate marginal...
Persistent link: https://www.econbiz.de/10013349605
higher rates of aggregate collusion in markets with fewer firms are driven by the changes in incentives or focality rather … than purely the number of firms. These findings imply that antitrust policies aimed at preventing collusion should focus on …
Persistent link: https://www.econbiz.de/10012544022
In Japan, TV platforms regulate themselves as to the length of the advertisements they air. Using modified Hotelling models, we investigate whether such self-regulation improves consumer and social welfare or not. When all consumers choose a single TV program (the utility functions of consumers...
Persistent link: https://www.econbiz.de/10010332191