Showing 1 - 10 of 472
-Turnier und Scoring-Auktion, werden mit einer Auktion kombiniert, in der um die Teilnahme am Turnier geboten wird (entry auction …. Auctions and auction-like mechanisms are institutions that organize transactions between economic agents. In the face of … ökonomischen Agenten. Auktionen enthüllen private Information indem sie Wettbewerb zwischen Agenten erzeugen. Wenn sie günstig …
Persistent link: https://www.econbiz.de/10009467148
two aspects from the auctions of CO2 certificates that have been conceived and organised so far. On the one hand, all … collected in the auctions of micro-certificates will be disbursed to every single person – at regular intervals, and without …
Persistent link: https://www.econbiz.de/10009467052
) for the continuous trading and extends it to the auction phase. The second chapter analyzes the impact of adverse … compensation of liquidity provision changes. The fourth chapter changes the focus to the opening auction. It proposes an extension … information about future prices that is not incorporated in the auction price. …
Persistent link: https://www.econbiz.de/10009475366
(Roscas) in an agricultural south-Indian village are used for an analysis of Rosca auctions. We develop a simple SIPV Rosca-auction … model. We show that, in contrast to standard SIPV English auctions, bidders overbid relative to their maximum willingness to … pay in an oral ascending bid Rosca auction and that less aggressive bidding is socially beneficial. Estimating the …
Persistent link: https://www.econbiz.de/10009476244
Classical auction theory relies heavily on the assumption of perfectly rational bidders that play according to their … evolutionary learning in repeated auctions - bidders' strategies are influenced by the outcome of the past rounds in the game … outcome of learning in auctions. On the other hand it uses computational simulation. The simulation is first checked against …
Persistent link: https://www.econbiz.de/10009428992
and organizational challenges. This work provides an auction-based coordination mechanism that enables the allocation and …
Persistent link: https://www.econbiz.de/10009481182
to dynamic service pricing. For spectrum owner--WSPs interaction, we investigate various auction mechanisms for finding … bidders request for multiple units, (i.e., they are not restricted by allocation constraints) synchronous auction mechanism … proves to be beneficial than asynchronous auctions. In this regard, we propose a winner determination sealed-bid knapsack …
Persistent link: https://www.econbiz.de/10009431077
Simultaneous ascending auctions present agents with various strategic problems, depending on preference structure. As … long as bids represent non-repudiable offers, submitting noncontingent bids to separate auctions entails an exposure … (or units of a homogeneous good) bidders also need to account for their own effects on prices. Auction theory does not …
Persistent link: https://www.econbiz.de/10009476549
Auctions are an ancient economic institution. Since Vickrey (1961), the development of auction theory has lead to an … explaining their enduring popularity. Given the pervasiveness of auctions, the question of how a seller should engineer the rules … Myerson (1981) shows that when facing buyers with Independent Private Values (IPVs) a standard auction with a specifically …
Persistent link: https://www.econbiz.de/10009480046
-stage games, sequential equilibrium, trembling-hand perfection, stability, signaling games, theory of auctions, global games …
Persistent link: https://www.econbiz.de/10009432546