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We analyze a divisible good uniform‐price auction that features two groups, each with a finite number of identical …
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and financial markets are presented. -- reverse auction ; demand schedule competition ; market power ; adverse selection …
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A model is presented of a uniform price auction where bidders compete in demand schedules; the model allows for common … help explain the response of central banks to the crisis, and suggest potential improvements in the auction formats of …
Persistent link: https://www.econbiz.de/10003923763
We analyze a divisible good uniform-price auction that features two groups each with a finite number of identical …
Persistent link: https://www.econbiz.de/10012956199
In the context of supply function competition with private information, we test in the laboratory whether — as predicted in Bayesian equilibrium — costs that are positively correlated lead to steeper supply functions and less competitive outcomes than do uncorrelated costs. We find that the...
Persistent link: https://www.econbiz.de/10012854395
We analyze a divisible good uniform-price auction that features two groups each with a finite number of identical …
Persistent link: https://www.econbiz.de/10012854716