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Auctions with Endogenous Price Ceiling : Theoretical and Experimental Results

Saijo, Tatsuyoshi - 2009

auctions adopted by several Japanese local governments. Our theoretical and experimental results suggest that the endogenous …

Persistent link: https://www.econbiz.de/10013158242

Endogenous information acquisition and partial announcement policy

Arato, Hiroki; Hori, Takeo; Nakamura, Tomoya - 2014

We extend the model of Cornand and Heinemann (2008, Economic Journal) and examine how to implement partial announcement by selling public information when the agents' action is strategic complements. In a game of information acquisition, there exist multiple equilibria and the partial...

Persistent link: https://www.econbiz.de/10010332402

Multistage information transmission with voluntary monetary transfer

Sadakane, Hiroshi - 2017

We examine multistage information transmission with voluntary monetary transfer in the framework of Crawford and Sobel (1982). In our model, an informed expert can send messages to an uninformed decision maker more than once, and the uninformed decision maker can pay money to the informed expert...

Persistent link: https://www.econbiz.de/10012013674

Multistage Information Transmission with Voluntary Monetary Transfer

Sadakane, Hitoshi - 2019

We analyze a cheap talk model in which an informed sender and an uninformed receiver engage in finite-period communication before the receiver chooses a project. During the communication phase, in each period, the sender sends a cheap talk message and the receiver voluntarily pays money for the...

Persistent link: https://www.econbiz.de/10012901585

Endogenous Information Acquisition and the Partial Announcement Policy

ARATO, Hiroki - 2020

We consider implementability and the welfare effects of a partial announcement policy using a model of a beauty contest where agents' actions are strategic complements and where their decisions on public information acquisition are endogenous. The following results are obtained: i) if the...

Persistent link: https://www.econbiz.de/10012856822

Collusion in Repeated Procurement Auction : A Study of a Paving Market in Japan

Ishii, Rieko - 2008

We examine auction data to determine if bid rigging presents in procurement auctions for paving works in Ibaraki City …

Persistent link: https://www.econbiz.de/10014217151

Scoring Auctions with Non-Quasilinear Scoring Rules

Dastidar, Krishnendu Ghosh - 2014

In this paper we analyse scoring auctions with general non-quasilinear scoring rules. We assume that cost function of … the following. (i) Equilibria in scoring auctions can be computed without any endogeneity problems and we get explicit … first-score and second-score auctions. (iii) We show that such properties and rankings depend on the curvature properties of …

Persistent link: https://www.econbiz.de/10013052249

An Experimental Study of Procurement Auctions with Endogenous Minimum Prices

Akai, Kenju; Saijo, Tatsuyoshi; Serizawa, Shigehiro - 2010

first-price auctions (FPAs) in their public procurements. The EMP is calculated based on its relation to the average of all …

Persistent link: https://www.econbiz.de/10014207223

Auctions for Public Construction with Corner-Cutting

Akai, Kenju; Serizawa, Shigehiro - 2010

This paper reports the theoretical and experimental results of auctions for public construction in which firms cut …

Persistent link: https://www.econbiz.de/10014207647

Waiting for signalling quality

Gunay, Hikmet - 2013

When a durable good of uncertain quality is introduced to the market, some consumers strategically delay their buying to the next period with the hope of learning the unknown quality. We analyze the monopolist's pricing and waiting strategies when consumers have strategic delay incentives. We...

Persistent link: https://www.econbiz.de/10010332494