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Individuals and teams in UMTS-license auctions
Sutter, Matthias; Kocher, Martin; Strauß, Sabine - 2007
Persistent link: https://www.econbiz.de/10003675359
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Individuals and teams in UMTS-license auctions
Sutter, Matthias; Kocher, Martin; Strauß, Sabine - 2007 - This version: 15 October 2007
more likely to win the auction when teams bid. -- UMTS auction ; team decision-making ; experiment ; winner's curse …We examine bidding behaviour of individuals and teams in an experimental auction resembling UMTS-license auctions. Even … relied on individual bidders. Our results show that teams stay on average longer in an (ascending sealed-bid English) auction …
Persistent link: https://www.econbiz.de/10009731143
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Satisficing in sales competition : experimental evidence
Berninghaus, Siegfried; Güth, Werner; Levati, M. Vittoria - 2009
Persistent link: https://www.econbiz.de/10008655973
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Satisficing in sales competition : experimental evidence
Berninghaus, Siegfried; Güth, Werner; Levati, M. Vittoria - 2009
In a duopoly market, aspiration levels express how much sellers want to earn given their expectations about the other's behavior. We augment the sellers' decision task by eliciting their profit aspiration. In a first experimental phase, whenever satisficing is not possible, sales choices, point...
Persistent link: https://www.econbiz.de/10009734685
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Public procurement and supplier job creation : insights from auctions
Srhoj, Stjepan; Dragojević, Melko - 2021 - This draft October 5, 2021
Public procurement contracts (PPCs) of goods, services and works is about one tenth of global gross domestic product. Much research has been conducted on government spending and its aggregate effects, but evidence is scarce at the micro-level. This study exploits sealed-bid PPC auctions of...
Persistent link: https://www.econbiz.de/10012650218
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Vickrey auction vs BDM : difference in bidding behaviour and the impact of other-regarding motives
Flynn, Niall; Kah, Christopher; Kerschbamer, Rudolf - 2015
In an experiment we first elicit the distributional preferences of subjects and then let them bid for a lottery, either … in a Becker-DeGroot-Marschak (BDM) mechanism or a Vickrey auction (VA). Standard theory predicts that altruistic subjects …. While we observe aggregate underbidding in the VA, the result is not driven by the choices of altruistic subjects. …
Persistent link: https://www.econbiz.de/10011404058
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Structured additive regression models : an R interface to BayesX
Umlauf, Nikolaus; Adler, Daniel; Kneib, Thomas; Lang, Stefan - 2012
Persistent link: https://www.econbiz.de/10009571133
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Structured additive regression models : an R interface to BayesX
Umlauf, Nikolaus; Adler, Daniel; Kneib, Thomas; Lang, Stefan - 2012
Structured additive regression (STAR) models provide a flexible framework for modeling possible nonlinear effects of covariates: They contain the well established frameworks of generalized linear models (GLM) and generalized additive models (GAM) as special cases but also allow a wider class of...
Persistent link: https://www.econbiz.de/10009742080
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Competing trade mechanisms and monotone mechanism choice
Feess, Eberhard; Grund, Christian; Walzl, Markus; … - 2015 - This version: December 19, 2014
We analyze mechanism choices of competing sellers with private valuations and show the existence of monotone pure strategy equilibria where sellers with higher reservation value choose mechanisms with a lower selling probability and a larger revenue in case of trade. As an application we...
Persistent link: https://www.econbiz.de/10010470913
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Competing trade mechanisms and monotone mechanism choice
Feess, Eberhard; Grund, Christian; Walzl, Markus; … - 2014 - This version: November 3, 2014
We analyze mechanism choices of competing sellers with private valuations and show the existence of monotone pure strategy equilibria where sellers with higher reservation value choose mechanisms with a lower selling probability and a larger revenue in case of trade. As an application we...
Persistent link: https://www.econbiz.de/10010428738