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The German 3G Licence Auction: Did the Government's Stake in Deutsche Telekom Influence the Outcome?
Rander, Robin - 2004
The spectrum for third generation (3G) mobile communications for the German market was alloted to operators by means of an auction. This resulted in a highly competitive outcome: six operators were given rights to provide 3G services. Government revenues from this auction were a staggering EUR...
Persistent link: https://www.econbiz.de/10013208458
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Asymmetric Supply Function Equilibrium with Constant Marginal Costs
Holmberg, Pär - 2005
In a real-time electric power auction, the bids of producers consist of committed supply as a function of price. The bids are submitted under uncertainty, before the demand by the Independent System Operator has been realized. In the Supply Function Equilibrium (SFE), every producer chooses the...
Persistent link: https://www.econbiz.de/10010321577
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Comparing Supply Function Equilibria of Pay-as-Bid and Uniform-Price Auctions
Holmberg, Pär - 2005
This paper derives a Supply Function Equilibrium (SFE) of a pay-as-bid auction, also called discriminatory auction. Such an auction is used in the balancing market for electric power in Britain. For some probability distributions of demand a pure-strategy equilibrium does not exist. If demand...
Persistent link: https://www.econbiz.de/10010321609
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Unique Supply Function Equilibrium with Capacity Constraints
Holmberg, Pär - 2004
Consider a market where producers submit supply functions to a procurement auction - e.g. an electric power auction - under uncertainty, before demand has been realized. In the Supply Function Equilibrium (SFE), every firm commits to the supply function maximizing his expected profit given the...
Persistent link: https://www.econbiz.de/10010321615
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Auctions vs negotiations in public procurement: Which works better?
Lalive, Rafael; Schmutzler, Armin - 2011
Public agencies rely on two key modes to procure goods and services: auctions and direct negotiations. The relative advantages of these two modes are still imperfectly understood. This paper therefore studies public procurement of regional passenger railway services in Germany, where regional...
Persistent link: https://www.econbiz.de/10010316858
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All-pay auctions: Implementation and optimality
Jönsson, Stefan; Schmutzler, Armin - 2013
This paper analyzes how all-pay auctions with endogenous prizes can be used to provide effort incentives. We show that wide classes of effort distributions can be implemented as equilibrium outcomes of such games. We also ask how all-pay auctions have to be structured so as to induce high...
Persistent link: https://www.econbiz.de/10010316920
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Exploring the effects of competition for railway markets
Lalive, Rafael; Schmutzler, Armin - 2007
This paper studies the effects of introducing competition for local passenger railway markets in the German state of … Baden-Württemberg. We compare the evolution of the frequency of service on lines that were exposed to competition for the … further suggest that the effects of competition may depend strongly on the operator. …
Persistent link: https://www.econbiz.de/10010315593
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Competition of e-commerce intermediaries
Matros, Alexander; Zapechelnyuk, Andriy - 2010
little, fierce competition between providers of similar services is expected. We consider a model where two e …
Persistent link: https://www.econbiz.de/10010280782
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Driving to drink: Tax avoidance along the Washington-Oregon border
LoPiccalo, K. - 2016
This paper uses store-level data on consumer liquor revenues and volume sales in Oregon to estimate the effect of state tax differentials on consumer demand. Liquor privatization in Washington led to higher prices from new taxes. I calculate the impact of tax incidence on tax avoidance using...
Persistent link: https://www.econbiz.de/10011564645
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Pricing better
Ray, Sourav; Wang, Li; Levy, Daniel; Bergen, Mark - 2019
Electronic shelf label (ESL) is an emerging price display technology around the world. While these new technologies require non-trivial investments by the retailer, they also promise significant operational efficiencies in the form of savings in material, labor and managerial costs. The presumed...
Persistent link: https://www.econbiz.de/10012387264