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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 …

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

Optimal bid disclosure in license auctions with downstream interaction

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2014

The literature on license auctions for process innovations in oligopoly assumed that the auctioneer reveals the winning …, partial, and no disclosure of bids, which correspond to standard auctions. We show that more information disclosure increases …

Persistent link: https://www.econbiz.de/10010378352

Spectrum license auctions with exit (and call) options : alternative remedies for the exposure problem

Hu, Luke; Wolfstetter, Elmar - In: Information economics and policy : IEP 27 (2014), pp. 13-23

Persistent link: https://www.econbiz.de/10010469327

Optimal bid disclosure in patent license auctions under alternative modes of competition

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - In: International journal of industrial organization 47 (2016), pp. 1-32

Persistent link: https://www.econbiz.de/10011653754

Universal high-speed broadband provision : a simple auction approach

Wolfstetter, Elmar - In: Information economics and policy : IEP 60 (2022), pp. 1-8

Persistent link: https://www.econbiz.de/10013426762

Licensing a common value innovation when signaling strength may backfire

Fan, Cuihong; Jun, Byoung; Wolfstetter, Elmar - In: International Journal of Game Theory 43 (2014) 1, pp. 215-244

This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming firms observe imperfect signals of the cost reduction induced by the innovation. The innovator adopts a direct revelation mechanism and awards an unrestricted license to the firm that reports the...

Persistent link: https://www.econbiz.de/10010845482

The third generation (UMTS) spectrum auction in Germany

Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - Sonderforschungsbereich 373, Quantifikation und … - 2001

competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and …

Persistent link: https://www.econbiz.de/10010956370

Auctions when bidders prepare by investing in ideas

Jeitschko, Thomas D.; Wolfstetter, Elmar - Sonderforschungsbereich 373, Quantifikation und … - 1999

game is solved by solving an equivalent auxiliary social choice problem. We show that standard auctions are fully efficient …, whereas reserve price requirements entail a double inefficiency. Moreover, we explain how optimal auctions differ from the …

Persistent link: https://www.econbiz.de/10010956380