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Bidding challenges learning theories since experiences with the same bid vary stochastically:the same choice can result …
Persistent link: https://www.econbiz.de/10005866949
Among the most puzzling observations for the euro money market are the bid shading in the weekly refinancing operations and the development of interest rate spreads. To explain these observations, we considera standard divisible-good auction à la Klemperer and Meyer (1989) with uniform or...
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rule in an iterative auction is to suppress strategic behavior by bidders and promote simple, continual, meaningful bidding … notion of strong activity rules, which allow simple, consistent bidding strategies while precluding all behaviors that cannot … environments, and hindered from bidding in a simple and consistent way by the commonly used revealed-preference activity rule …
Persistent link: https://www.econbiz.de/10009431900
Bidding is a very competitive process in the construction industry; eachcompetitor’s business is based on winning or … historicaldata for a certain year for bidding on certain type of projects, the unit prices may beadjusted for size, time and location …, but the basis for bidding on projects of similar typesis the same. Statistical tools can be used to model the underlying …
Persistent link: https://www.econbiz.de/10009465197
training courses is based on public bidding processes that assign standardized scores to multiple proxies for quality. Second …
Persistent link: https://www.econbiz.de/10010267868
We describe the economics literature on auction markets, with an emphasis on the connection between theory, empirical practice, and public policy, and a discussion of outstanding issues. We describe some basic concepts, to highlight some strengths and weaknesses of the literature, and so...
Persistent link: https://www.econbiz.de/10010270365
bidding. According to the experimental data at least experienced price leaders with lower marginal costs choose higher prices …. In the bidding treatment, compensation payments to the price leader crowd in efficiency concerns. …
Persistent link: https://www.econbiz.de/10010330372
The outcome of non-binding reverse auctions critically depends on how information is distributed during the bidding …
Persistent link: https://www.econbiz.de/10010427641