back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we …We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven … behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced …

We examine bidding behavior in first-price sealed-bid and Dutch auctions, which are strategically equivalent under … degree of complexity by offering various levels of decision support. Our results show that the equivalence of the two auction …

surplus optimal auctions which are consistent with imitation perfection exist. For heterogeneous bidders however, it is …

Bidding in first-price auctions crucially depends on the beliefs of the bidders about their competitors' willingness to … pay. We analyze bidding behavior in a first-price auction in which the knowledge of the bidders about the distribution of … the first-price auction exists. …

disaggregation of European sectors, we find that using auction revenues from the Emissions Trading Scheme (ETS) to support … energy and ETS price increase, the combination of these exemptions and of the use of carbon auction revenues to support …

. Our empirical investigation rests upon a survey of more than 1,100 innovative firms in Germany. Our survey puts us in the …

We study competitive awarding procedures of short haul railway passenger services in Germany from 1995 to 2011 by means …

econometric analysis of firm performance in Germany. Based on a unique panel data set with detailed information on almost 400 … Germany's bank-based system of internal control, ownership concentration is harmful for productivity growth. …