Showing 1 - 10 of 253
Theoretically and experimentally, we generalize the analysis of acquiringa company (Samuelson and Bazerman 1985) by allowing for competition ofboth, buyers and sellers. Naivety of both is related to the idea that higherprices exclude worse qualities. While competition of naive buyers...
Persistent link: https://www.econbiz.de/10005866465
continuous double auction, indicate that objectivelyirrelevant information influences trading behavior. Moreover, positively and …
Persistent link: https://www.econbiz.de/10005866816
Are commonly known beliefs essential for bidding behavior in asymmetric auctions? Our experimental results suggest that not informing participants how values are randomly generated does not change behavior much and may even make it appear more rational.
Persistent link: https://www.econbiz.de/10005867012
Integrated choice and latent variable (ICLV) models represent a promising newclass of models which merge classic choice models with the structural equation approach (SEM) for latent variables. Despite their conceptual appeal, to date applications of ICLV models in marketing are still rare. The...
Persistent link: https://www.econbiz.de/10005860833
degree of price transmission, we assume industrytechnology to be characterized by variable input proportions and non …
Persistent link: https://www.econbiz.de/10005868661
investigate several puzzles from the recent auctions literature. Our results suggest that: (1) the reputation of an artist and the … provenance of the artwork, omitted variables in most previous studies, seem to be more important determinants of the sale price …
Persistent link: https://www.econbiz.de/10005860085
This paper investigates the optimal bidding strategy for the initial bidder in takeover contests. In the theoretical model, the initial bidder has the choice between making a low or a high preemtive initial bid.(...)
Persistent link: https://www.econbiz.de/10005843528
verkaufen. Für die an einer Auktion teilnehmenden Bieter besteht jedoch der Anreiz, den Wettbewerb durch Absprache der Gebote … außer Kraft zusetzen, um den für die Güter zu zahlenden Preis zu senken.(...) …
Persistent link: https://www.econbiz.de/10005844509
Auction fever is a multifaceted phenomenon thatis frequently observed in both traditional and Internetauctions. In … that emotional processingis triggered at three different stages of an auction:First, the economic environment can affect a … bidder’s levelof perceived competition and thus influence the biddingstrategy prior to the auction. Second, auction events …
Persistent link: https://www.econbiz.de/10009262187
regret-related information feedback on biddingbehaviour in first-price sealed-bid auctions. Revealing the information “missed … opportunity to win”upon losing an auction, results in higher bids. Revealing the information “money left on the table”upon winning … an auction, results in lower bids. The common explanation for this pattern is winner andloser regret. However, this …
Persistent link: https://www.econbiz.de/10009262188