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Comparing open and sealed bid auctions : theory and evidence from timber auctions

Athey, Susan; Levin, Jonathan; Seira, Enrique - 2004

.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more … for these qualitative effects of auction format. We then calibrate the model using parameters estimated from the data and … bidder competitiveness, which has important consequences for auction choice. …

Persistent link: https://www.econbiz.de/10011607074

Cost-benefit analysis of the Greenland offshore shrimp fishery

Vestergaard, Niels; Stoyanova, Kristiana A.; Wagner, Claas - 2010

This paper examines the social economic value of the Greenland off-shore shrimp fishery. The contribution of the fishery to the economy is examined using a cost-benefit analysis where the objective of the report is to examine the current state of the fishery rather than possible changes, which...

Persistent link: https://www.econbiz.de/10003937173

Integrated through free trade: a case study of the U.S. and Canadian lobster industries

Shister, Amelia; Fry, John; Melton, Alexander - 2022

Persistent link: https://www.econbiz.de/10013263438

The fixed price offer mechanism in Trade Me online auctions

Hogan, Seamus D.; Kidd, Hamish; Meriluoto, Laura; … - 2010

Persistent link: https://www.econbiz.de/10008688795

Auctioning monopoly franchises : award criteria and service launch requirements

Moretto, Michele; Dosi, Cesare - 2009

We study the competition to acquire the exclusive right to operate an infrastructure service, by comparing two different specifications for the financial proposals - "lowest price to consumers" vs "highest concession fee", and two alternative contractual arrangements: a contract which imposes...

Persistent link: https://www.econbiz.de/10008810289

Auctioning vs. grandfathering in cap-and-trade systems with market power and incomplete information

Alvarez González, Francisco; Jarque Andrés, Francisco - 2013

-unit, multi-bid uniform auction, modelled as a Bayesian game of incomplete information. At the auction each firm anticipates his … as their bidding strategies and it precludes the auction from generating a cost-effective allocation of permits, as it … would occur in simpler auction models. Auctioning tends to be more cost-effective than grandfathering when the firms' costs …

Persistent link: https://www.econbiz.de/10010226080

Bidding for conservation contracts

Di Corato, Luca; Dosi, Cesare; Moretto, Michele - 2014

Contracts providing payments for not developing natural areas, or for removing cropland from production, generally require long-term commitments. Landowners, however, can decide to prematurely terminate the contract when the opportunity cost of complying with conservation requirements increases....

Persistent link: https://www.econbiz.de/10010380650