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In a recurring auction early bids may reveal bidders' types, which in turn affects bidding in later auctions. Bidders take this into account and may bid in a way that conceals their private information until the last auction is played. The present paper analyzes the equilibrium of a sequence of...
Persistent link: https://www.econbiz.de/10010334041
Unternehmen die neuen Spielräume für mehr Differenzierungen bei den Öffnungszeiten nutzen. Dadurch würde der Preiswettbewerb …
Persistent link: https://www.econbiz.de/10011601693
The objects for sale in most auctions possess both private and common value elements. This salient feature has not yet been incorporated into a strategic analysis of equilibrium bidding behaviour. This paper reports such an analysis for a stylised model in which bidders receive a private value...
Persistent link: https://www.econbiz.de/10010324705
This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … competition can consider the entire banking market only. A caveat of the Boone-indicator may be that it assumes that banks …
Persistent link: https://www.econbiz.de/10011604814
We show that professional soccer players exhibit reference-dependent behavior during matches. Controlling for the state of the match and for unobserved heterogeneity, we show on a minute-by-minute basis that a player breaches the rules of the game, measured by the referee's assignment of cards,...
Persistent link: https://www.econbiz.de/10010316909
We show that professional soccer players exhibit reference-dependent behavior during matches. Controlling for the state of the match and for unobserved heterogeneity, we show on a minute-by-minute basis that a player breaches the rules of the game, measured by the referee's assignment of cards,...
Persistent link: https://www.econbiz.de/10010282066
endogenous prices and strategic oligopoly competition. We show that the optimal decision rule is an (S, s) order policy and … competition in prices, (S, s) inventory behavior together with demand uncertainty generates endogenous cyclical patterns in prices …
Persistent link: https://www.econbiz.de/10010294737
export sectors. Emphasis is placed on the role of price competition, EU protection, and transport costs in the export trade …
Persistent link: https://www.econbiz.de/10010296392
We show that a monopolist final goods producer may find it profitable to create competition by licensing its technology … competition, and the incentive for licensing is higher under price competition than under quantity competition. Our qualitative …
Persistent link: https://www.econbiz.de/10010296821
mit einer festen Marge dem traditionellen Eintritt mit anschließendem Preiswettbewerb überlegen ist, da dem etablierten …
Persistent link: https://www.econbiz.de/10010300418