Showing 1 - 10 of 169
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
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 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
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
This paper analyzes an auction mechanism that excludes overoptimistic bidders inspired by the rules of the procurement … exclusion rule reduces the probability of suffering a monetary loss induced by winning the auction, and also mitigates the …
Persistent link: https://www.econbiz.de/10013158242
procedure. Producers who join this new auction institution have the incentive to raise their bids and pull up the EMP in order … new auction institution (i) are close to the production cost and coincide with those of the standard FPA under the …
Persistent link: https://www.econbiz.de/10014207223