Showing 1 - 10 of 401
In this paper the sequence of winning bids in the public auction of used cars in New Jersey is examined for the … sale. In a further contrast to many other studies, these data indicate that the prices tend to increase as the auction …
Persistent link: https://www.econbiz.de/10010263302
We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction … of tax incidence in consumer economics. We argue, however, that auction markets deserve a separate treatment. Indeed we …
Persistent link: https://www.econbiz.de/10011325020
We experimentally investigate four allocation mechanisms - all based on the fair division approach, with varying bid elicitation methods and price rules - in terms of their allocation efficiency, distributional effects, and regularities in individual bidding behavior. In a repeated design, an...
Persistent link: https://www.econbiz.de/10010263876
When a multi-plant firm must close one unit due to declining demand it can choose between two alternatives. On the one hand, the firm can announce a certain span of time in which the plants are evaluated according to relative performance with the least performing plant being shut down in the end...
Persistent link: https://www.econbiz.de/10010269831
When a multi-plant firm must close one unit due to declining demand it can choose between two alternatives. On the one hand, the firm can announce a certain span of time in which the plants are evaluated according to relative performance with the least performing plant being shut down in the end...
Persistent link: https://www.econbiz.de/10010270427
the book-building's outcome to that of uniform price auction. The auction can enhance the expected offer price only if it …
Persistent link: https://www.econbiz.de/10010272368
We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we … confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation … between emotions andbidding behavior in a second auction series. Our main results are: (i) the economic shock has asubstantial …
Persistent link: https://www.econbiz.de/10010324866
from auction alternatives in recent years, despite significantly lower costs in both direct fees and initial underpricing … when using the auction mechanism. This paper shows that in the French market, where the frequency of book-building and …
Persistent link: https://www.econbiz.de/10011325024
and organizational challenges. This work provides an auction-based coordination mechanism that enables the allocation and …
Persistent link: https://www.econbiz.de/10011889539
capita winning bid (per Mhz) values to auction design variables (license award process), national and mobile market …. The analysis reveals that most auction design variables independently impact on realized 3G spectrum auction revenue in a … manner consistent with auction theory. …
Persistent link: https://www.econbiz.de/10010273683