Showing 1 - 10 of 289
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 their competitors' valuations is restricted to the...
Persistent link: https://www.econbiz.de/10011946017
The "Climate action and renewable energy package" proposed by the European Commission in the beginning of 2008 suggests auctioning as basic principle for allocation for the upcoming third trading phase of the EU Emissions Trading Scheme that runs from 2013 to 2020. Overall, it is estimated that...
Persistent link: https://www.econbiz.de/10003761038
I examine the role of intermediaries on the world's largest peer-to-peer online lending platform. This marketplace as well as other recently opened lending websites allow people to auction microcredit over the internet and are in line with the disintermediation in financial transactions through...
Persistent link: https://www.econbiz.de/10011765009
In electricity day-ahead markets organized as uniform price auction, a small reduction in supply in times of high demand can cause substantial increases in price. We use a unique data set of failures of generation capacity in the German-Austrian electricity market to investigate the relationship...
Persistent link: https://www.econbiz.de/10011419368
This paper examines empirically the relationship between innovation and market structure within a simultaneous … concentration. In contrast, competition enforces innovation, i.e. sales concentration has a negative impact on R&D. …
Persistent link: https://www.econbiz.de/10011446652
, but only for firms that engage in in-licensing and only for product innovation. The relationship between fragmentation and …
Persistent link: https://www.econbiz.de/10003784653
leadership. Apart from this strategic advantage we observe that foreign external sources of innovation are generally not superior …
Persistent link: https://www.econbiz.de/10003283604
higher innovative performance for firms that do not in-license. Furthermore, the effects of fragmentation on innovation also …
Persistent link: https://www.econbiz.de/10003922582
The paper develops an oligopoly model of innovation and applies it to data from the Mannheim Innovation Panel. The … complexity, etc. are important determinants of overall innovation expenditures, but not for R&D specifically. If legal protection … affect the innovation activity of the firm. Specification tests derived from the theoretical model do not lead to a rejection …
Persistent link: https://www.econbiz.de/10011440888
variables the motives for innovation expenditures are also taken into account. We differentiate between firms which intend to …
Persistent link: https://www.econbiz.de/10002822031