Showing 1 - 10 of 16,103
implementation of the 3 pm local auction for quarters in Germany at the European Power Exchange (EPEX SPOT) in December 2014 to … challenges that are linked with a potential implementation of an intraday auction. …
Persistent link: https://www.econbiz.de/10011421880
% of online auctions. Furthermore, we also find the probability of the inefficient online auction is more than 0.25 …
Persistent link: https://www.econbiz.de/10012839165
We propose a non-sequential search model with a continuum of consumers and a finite number of firms. Both consumers and firms are heterogeneous. Consumers differ in search costs. Firms have private marginal costs of production. We show that an equilibrium price dispersion can arise in this model...
Persistent link: https://www.econbiz.de/10012956396
This paper exploits a large-size auction experiment conducted by two Chinese Government Treasury security issuers … uniform or discriminatory auction mechanisms. Based on the outcomes of more than 300 Treasury securities issued through an … alternating auction-rule market experiment, we find that auction outcome yield rates of the two auction formats are not …
Persistent link: https://www.econbiz.de/10012868424
well as other recently opened lending websites allow people to auction microcredit over the internet and are in line with …
Persistent link: https://www.econbiz.de/10012931490
We propose and estimate a model of demand and supply of annuities. To this end, we use rich data from Chile, where annuities are bought and sold in a private market via a two-stage process: first-price auctions followed by bargaining. We model firms with private information about costs and...
Persistent link: https://www.econbiz.de/10013238991
We propose and estimate a model of demand and supply of annuities. To this end, we use rich data from Chile, where annuities are bought and sold in a private market via a two-stage process: first-price auctions followed by bargaining. We model firms with private information about costs and...
Persistent link: https://www.econbiz.de/10013238992
outcome of the auction before honest parties and may choose to make the protocol fail without suffering any consequences. In … jointly compute the winner of the auction while preserving the privacy of losing bids and ensuring that cheaters are … protocols guarantee that the winner is determined and the auction payments are completed even if the adversary misbehaves, so …
Persistent link: https://www.econbiz.de/10012440385
Within this paper, we aim to investigate asymmetries among bidders in land auctions that may entail non-competitive prices. Using representative data for Eastern Germany including winning bids, bidder characteristics, and land amenities, we pursue a structural approach to derive distributions of...
Persistent link: https://www.econbiz.de/10012012400
The FDIC resolves insolvent banks using an auction process in which bidding is multidimensional and the rule used to … for analyzing auction environments where bids are ranked according to multiple attributes chosen by bidders, but where …
Persistent link: https://www.econbiz.de/10012183580