Narrow search
Showing 1 - 10 of 6,313
Cover Image
On Inferring Demand for Health Care in the Presence of Anchoring, Acquiescence, and Selection Biases
Bhattacharya, Jay - 2010
In the contingent valuation literature, both anchoring and acquiescence biases pose problems when using an iterative bidding game to infer willingness to pay. Anchoring bias occurs when the willingness to pay estimate is sensitive to the initially presented starting value. Acquiescence bias...
Persistent link: https://www.econbiz.de/10012759461
Cover Image
Naturally Occurring Markets and Exogenous Laboratory Experiments : A Case Study of the Winner's Curse
Harrison, Glenn W. - 2010
from the field context of the task that theory purports to explain. Using common value auction theory as our guide, we … identify naturally occurring settings in which one can test the theory. In our treatments the subjects are not picked at random … conclude that the theory predicts field behavior well when one is able to identify naturally occurring field counterparts to …
Persistent link: https://www.econbiz.de/10012760103
Cover Image
Why Do IPO Auctions Fail?
Sherman, Ann E. - 2010
theory predicts. Both uniform price and discriminatory auctions are plagued by unexpectedly large fluctuations in the number …
Persistent link: https://www.econbiz.de/10012761663
Cover Image
Comparing Open and Sealed Bid Auctions : Evidence from Timber Auctions
Athey, Susan - 2009
We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more small bidders, shift the allocation towards these...
Persistent link: https://www.econbiz.de/10012765569
Cover Image
Auction Design and Tacit Collusion in Fcc Spectrum Auctions
Bajari, Patrick - 2009
bidder during a particular round. Economic theory suggests that tacit collusion may be more difficult as a result. We examine …
Persistent link: https://www.econbiz.de/10012765990
Cover Image
On Best-Response Bidding in GSP Auctions
Cary, Matthew - 2015
How should players bid in keyword auctions such as those used by Google, Yahoo! and MSN? We model ad auctions as a dynamic game of incomplete information, so we can study the convergence and robustness properties of various strategies. In particular, we consider best-response bidding strategies...
Persistent link: https://www.econbiz.de/10012750270
Cover Image
On Frequent Batch Auctions for Stocks
Jagannathan, Ravi - 2019
I show that frequent batch auctions for stocks have the potential to reduce the severity of stock price crashes when they occur. For a given sequence of orders from a continuous electronic limit order book market, matching orders using one second apart batch auctions results in nearly the same...
Persistent link: https://www.econbiz.de/10012861734
Cover Image
Relinquishing Riches : Auctions vs Informal Negotiations in Texas Oil and Gas Leasing
Covert, Thomas - 2019
This paper compares outcomes from informally negotiated oil and gas leases to those awarded via centralized auction. We focus on Texas, where legislative decisions in the early twentieth century assigned thousands of proximate parcels to different mineral allocation mechanisms. We show that...
Persistent link: https://www.econbiz.de/10012889483
Cover Image
Data Driven Regulation : Theory and Application to Missing Bids
Chassang, Sylvain - 2019
competitive behavior under arbitrary information structures. Building on this observation, we develop a theory of data …
Persistent link: https://www.econbiz.de/10012890450
Cover Image
Dynamics and Efficiency in Decentralized Online Auction Markets
Hendricks, Kenneth - 2018
Economic theory suggests that decentralized markets can achieve efficient outcomes if buyers and sellers have many …
Persistent link: https://www.econbiz.de/10012911474