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Within the framework of the common value model, we examine the magnitude of the difference in expected outcome between first-price and second-price sealed bid auctions. The study is limited to two empirical specifications of bidders signals: Weibull and normal distribution. The optimal bid...
Persistent link: https://www.econbiz.de/10011588138
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The first part of the paper reports the results from a sequence of laboratory experiments comparing the bidding behavior for multiple contracts in three different sealed bid auction mechanisms; first-price simultaneous, first-price sequential and first-price combinatorial bidding. The design of...
Persistent link: https://www.econbiz.de/10011325058
Within the framework of the common value model, we examine the magnitude of the difference in expected outcome between first-price and second-price sealed bid auctions. The study is limited to two empirical specifications of bidders' signals: Weibull and normal distribution. The optimal bid...
Persistent link: https://www.econbiz.de/10010321779
The tournament rules for long jump competitions have changed in recent years. Today, only the three athletes with the best jumps from the five initial attempts are qualified to make an additional sixth jump - a format called The Final Three. In the first implemented version of The Final Three,...
Persistent link: https://www.econbiz.de/10013331919
The Green Corridor (GC) initiative, pursued by the Swedish government and the European Commission, is intended to be a platform for innovation for long-distance freight transport aiming for more green and efficient solutions by enhanced use of economies of scale and development of new...
Persistent link: https://www.econbiz.de/10012654390
In this study we analyse data from world cup cross-country skiing sprint elimination tournaments for men and women in 2015-2020. Instead of being assigned a quarterfinal according to a seeding scheme, prequalified athletes choose themselves in sequential order in which of five quarterfinals to...
Persistent link: https://www.econbiz.de/10012654460
The study analyzes data from world cup cross-country skiing sprint elimination tournaments for men and women in 2015-2020. In these tournaments prequalified athletes sequentially choose in which of five quarterfinal heats they want to compete. Due to a time constraint on the day the tournament...
Persistent link: https://www.econbiz.de/10014331151
Persistent link: https://www.econbiz.de/10003838899