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There is a great deal of late bidding on internet second price auctions. We show that this need not result from either … have a fixed end time. A natural experiment is available because the auctions on Amazon, while operating under otherwise …
Persistent link: https://www.econbiz.de/10012471021
The economic literature on online auctions is rapidly growing because of the enormous amount of freely available field data. Moreover, numerous innovations in auction-design features on platforms such as eBay have created excellent research opportunities. In this article, we survey the...
Persistent link: https://www.econbiz.de/10012465877
We conduct a laboratory experiment to study a decentralized market where goods are differentiated and evaluations are …
Persistent link: https://www.econbiz.de/10012629485
Choice screen auctions have been recently deployed in 31 European countries, allowing consumers to choose their preferred search engine on Google's Android platform instead of being automatically defaulted to Google's own search engine. I show that a seemingly minor detail in the design of these...
Persistent link: https://www.econbiz.de/10012482310
We develop a competitive equilibrium theory of a market for votes. Before voting on a binary issue, individuals may buy …
Persistent link: https://www.econbiz.de/10012462342
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/10012465582
incorporates both differential information and the fact that bids placed in timber auctions are multidimensional. The theory …
Persistent link: https://www.econbiz.de/10012471603
This paper studies competition between a small number of suppliers and a single buyer (or an auction with a small number of bidders and a single seller), when total demand (supply) is uncertain. It is well known that when a small number of suppliers compete in supply functions the service is not...
Persistent link: https://www.econbiz.de/10012471855
Green energy is produced by relationship-specific assets that are vulnerable to hold-up if contracts are not strictly enforced. I study the role of counterparty risk in the procurement of green energy using data on the universe of solar procurement auctions in India. The Indian context allows...
Persistent link: https://www.econbiz.de/10012616602
services procurement, oil and gas leases, online auctions, internet advertising, electricity, financial securities, spectrum …
Persistent link: https://www.econbiz.de/10012696420