Showing 1 - 5 of 5
This dissertation examines two problems that may arise in matching problems.The first two chapters deal with auctions for multiple units where bidders exhibitexternalities. The third chapter links risk aversion and information to unraveling inlabor markets.Auctions can lead to efficient...
Persistent link: https://www.econbiz.de/10009450582
We consider an extension of the classical secretary problem where a decision maker observes only the relative ranks of a sequence of up to N applicants, whose true values are i.i.d. U[0,1] random variables. Applicants arrive according to a homogeneous Poisson Process, and the decision maker...
Persistent link: https://www.econbiz.de/10009450709
Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...
Persistent link: https://www.econbiz.de/10009450772
When selling divisible goods such as energy contracts or emission allowances, should the entire supply be auctioned all at once or should it be spread over a sequence of auctions? How does the expected revenue in a sequence of uniform price auctions compare to the expected revenue in a single...
Persistent link: https://www.econbiz.de/10009450782
. Using an online natural field experiment with over 700,000 subjects, this chapter tests theory on price discounts and shows … problem must occur for over 2,000 consumer searches each second. Theory is developed where asymmetric advertisers compete and …
Persistent link: https://www.econbiz.de/10009450803