Showing 1 - 10 of 71
This paper undertakes a qualitative analysis of the relationship between EU cartel enforcement in the chemical industry … following this period of enforcement. Its findings are consistent with cartel enforcement prompting significant investment in … and in enforcement action against only one hard core cartel in the decade that followed …
Persistent link: https://www.econbiz.de/10013212928
We study all-pay auctions with budget-constrained bidders who have access to fair insurance before bidding simultaneously over a prize. We characterize a unique equilibrium for the special cases of two bidders and one prize, show existence and a heuristic for finding an equilibrium in the case...
Persistent link: https://www.econbiz.de/10010294585
In a real-time electric power auction, the bids of producers consist of committed supply as a function of price. The …. I consider a uniform-price auction with a reservation price, where demand is inelastic and exceed the market capacity …
Persistent link: https://www.econbiz.de/10010321577
capita winning bid (per Mhz) values to auction design variables (license award process), national and mobile market …. The analysis reveals that most auction design variables independently impact on realized 3G spectrum auction revenue in a … manner consistent with auction theory. …
Persistent link: https://www.econbiz.de/10010273683
We develop a network-flow approach for characterizing interim-allocation rules that can be implemented by ex post allocations. Our method can be used to characterize feasible interim allocations in general multi-unit auctions where agents face capacity constraints, both ceilings and floors....
Persistent link: https://www.econbiz.de/10010316879
Consider a market where producers submit supply functions to a procurement auction - e.g. an electric power auction …
Persistent link: https://www.econbiz.de/10010321615
The bidder who wins at an auction may end up paying more for an asset than it is actually worth. This, stated very …
Persistent link: https://www.econbiz.de/10005869984
Measurement forms the substance of econometrics. This chapter outlines the history of econometrics from a measurement … perspective - how have measurement errors been dealt with and how, from a methodological standpoint, did econometrics evolve so as …
Persistent link: https://www.econbiz.de/10010289028
The objective of this paper is to identify the impact of public and private agriculturalresearch on multi-output multi-input profit maximizing decisions of Midwestern farmers. The mainhypothesis is that investments in public and private R&D shift outward the supply curves for cropand livestock...
Persistent link: https://www.econbiz.de/10009305070
The imprecise Beta model (IBM) of Bernard (1996) and Walley (1996) is the most popular model for learning about a binomial random variable under prior ignorance. Piatti et al. (2005) show that there is a fundamental issue with the interpretation of results produced by the IBM in applications....
Persistent link: https://www.econbiz.de/10005858357