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Resale in Second-Price Auctions with Costly Participation

Celik, Gorkem; Yilankaya, Okan - 2015

We investigate efficiency properties of sealed-bid second-price auctions with costly participation and resale. Each bidder chooses to participate in the auction if her valuation is higher than her optimally chosen participation cutoff. If resale is not allowed and the bidder valuations are drawn...

Persistent link: https://www.econbiz.de/10010500283

Does the absence of human sellers bias bidding behavior in auction experiments?

Bartling, Björn; Gesche, Tobias; Netzer, Nick - 2016

second-price auctions. Overbidding is a robust finding in second- price auctions, and spite among bidders has been advanced … where bidders have preferences regarding both, the payoffs of other bidders and the seller's revenue. Overbidding is optimal … seller on overbidding. We conclude that overbidding is not an artefact of the standard experimental implementation of second …

Persistent link: https://www.econbiz.de/10011663184

All-Pay auctions with negative prize externalities: Theory and experimental evidence

Sacco, Dario; Schmutzler, Armin - 2008

The paper characterizes the mixed-strategy equilibria in all-pay auctions with endogenous prizes that depend positively on own effort and negatively on the effort of competitors. Such auctions arise naturally in the context of investment games, lobbying games, and promotion tournaments. We also...

Persistent link: https://www.econbiz.de/10010315592

India's platform economy and emerging regulatory challenges

Kathuria, Rajat; Kedia, Mansi; Bagchi, Kaushambi - 2021

The phenomenal rise of the platform economy has reshaped how economies operate across the world. The importance of digital platforms has never been more evident than in combatting the ongoing corona virus (Covid-19) pandemic. Even with the threat of a global recession looming large, technology...

Persistent link: https://www.econbiz.de/10013479031

Vertical Integration under an Optimal Tax Policy: a Consumer Surplus Detrimental Result

Giuranno, Michele G.; Scrimitore, Marcella; … - 2019

It is widely believed that vertical integration in an environment without foreclosure, or more generally without any mechanism that restricts competition among firms, raises the welfare of consumers. In this paper we show that this can be overturned in a standard setting. We consider a vertical...

Persistent link: https://www.econbiz.de/10012146440