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Pareto improving economic policy in a contract economy with asymmetric information

Adolph, Brigitte; Wolfstetter, Elmar - 1984

Persistent link: https://www.econbiz.de/10000335626

Giebe, Thomas - 2009

modifizierte Lizenzauktion, die profitabler ist als die in der Literatur untersuchten Mechanismen. Bei dieser Auktion wird eine … begrenzte Anzahl Royalty-Verträge (Royalty = mengenabhängige Lizenzgebühren) versteigert und die Verlierer der Auktion erhalten …-Turnier und Scoring-Auktion, werden mit einer Auktion kombiniert, in der um die Teilnahme am Turnier geboten wird (entry auction …

Persistent link: https://www.econbiz.de/10009467148

Auctions

Wolfstetter, Elmar - 1992

Persistent link: https://www.econbiz.de/10000837791

Auctions : an introduction

Wolfstetter, Elmar - 1994

Persistent link: https://www.econbiz.de/10000888285

License auctions with exit (and entry) options : alternative remedies for the exposure problem

Hu, Luke; Wolfstetter, Elmar - 2012

Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the entrant values only the bundle of several units (synergy), incumbents are subject to non-increasing demand. The seller proactively encourages entry and restricts incumbent...

Persistent link: https://www.econbiz.de/10009685869

Auctions with imperfect commitment when the reserve may signal the auctioneer's type

Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2013

If bidders are uncertain whether the auctioneer sticks to the announced reserve, some bidders respond by not bidding, speculating that the auctioneer may revoke the reserve. However, the reserve inadvertently signals the auctioneer's type, which drives a unique separating and a multitude of...

Persistent link: https://www.econbiz.de/10009781360

Procuring substitutes with (fine-tuned) first-price auctions

Arozamena, Leandro; Weinschelbaum, Federico; … - In: Economics letters 171 (2018), pp. 115-118

Persistent link: https://www.econbiz.de/10012021867

Low price equilibrium in multi-unit auctions : the GSM spectrum auction in Germany

Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001

The second-generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in a simultaneous ascending-bid auction.The present paper gives an account of the events, describes the auction rules and market conditions, and provides a theoretical explanation...

Persistent link: https://www.econbiz.de/10011399147

The Swiss UMTS spectrum auction flop : bad luck or bad design?

Wolfstetter, Elmar - 2001

This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland. Apart from general market developments, which could not have been anticipated, we argue that auction design which was introduced in England and adopted in Switzerland and...

Persistent link: https://www.econbiz.de/10009614291

The Swiss UMTS spectrum auction flop : bad luck or bad design

Wolfstetter, Elmar - 2001

This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland. Apart from general market developments, which could not have been anticipated, we argue that auctiondesign which was introduced in England and adopted in Switzerland and elsewhere...

Persistent link: https://www.econbiz.de/10011399586