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Online ad auctions: An experiment
McLaughlin, Kevin; Friedman, Daniel - 2016
A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats … configurations and is statistically significant in most treatments. Revenue capture tends to be similar across auction formats in …
Persistent link: https://www.econbiz.de/10011564644
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Out-of equilibrium bids in auctions: wrong expectations or wrong bids
Kirchkamp, Oliver; Reiss, J. Philipp - 2008
Deviations from equilibrium bids in auctions can be related to inconsistent expectations with correct best replies (see Eyster and Rabin, 2005; Crawford and Iriberri, 2007) or correct expectations but small (perhaps quantal-response) mistakes in best replies (see Goeree et al., 2002). To distinguish...
Persistent link: https://www.econbiz.de/10010263873
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Allocation, externalities, and the fair division approach: an experimental study
Weiland, Torsten - 2008
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
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Heterogeneous bids in auctions with rational and markdown bidderstheory and experiment
Kirchkamp, Oliver; Reiss, J. Philipp - 2008
We present results from a series of experiments that allow us to measure overbidding and, in particular, underbidding in first-price auctions. We investigate how the amount of underbidding depends on seemingly innocent parameters of the experimental setup. To structure our data we present and...
Persistent link: https://www.econbiz.de/10010276381
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Online ad auctions: An experiment
McLaughlin, Kevin; Friedman, Daniel - 2016
A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats … configurations and is statistically significant in most treatments. Revenue capture tends to be similar across auction formats in …
Persistent link: https://www.econbiz.de/10011438427
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Auctioning of CO2 Emission Allowances in Phase 3 of the EU Emissions Trading Scheme
Benz, Eva; Löschel, Andreas; Sturm, Bodo - 2008
in 2013, to be increased to 100 % by 2020. In this paper, we emphasize the importance of a properly chosen auction design … as the significantly higher auction share, compared to the past and current trading phase, is expected to yield a thin … secondary market for CO2 allowances. We elaborate main criteria that a viable auction design is supposed to fulfil and propose a …
Persistent link: https://www.econbiz.de/10010298657
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The impact of spectrum policy on carbon emissions
Zagdanski, Jakub; Castells, Pau - 2023
By assigning rights and conditions of use, spectrum policy regulates how radio frequencies can be used by mobile networks. We develop a parameterised calculator tool to estimate the impact of various spectrum policy aspects on the emissions of the mobile sector. We model the impacts during the...
Persistent link: https://www.econbiz.de/10014367372
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Perspektiven des Emissionshandels aus deutscher Sicht
Schafhausen, Franzjosef - In: Vierteljahrshefte zur Wirtschaftsforschung 76 (2007) 1, pp. 99-117
Obwohl der Emissionshandel theoretisch ein ideales umwelt- und klimapolitisches Instrument darstellt, stößt seine praktische Gestaltung und Umsetzung auf zahlreiche Schwierigkeiten. So waren bei der Einführung des europäischen Emissionshandelssystems und der Erstellung der Nationalen...
Persistent link: https://www.econbiz.de/10010377787
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Die Weiterentwicklung des europäischen Emissionshandels nach 2012
Zapfel, Peter - In: Vierteljahrshefte zur Wirtschaftsforschung 76 (2007) 1, pp. 118-125
In Europa ist innerhalb kurzer Zeit der weltweit größte Emissionshandel eingeführt worden. Politik, Behörden und Wirtschaft haben mit dem 2005 begonnenen CO2-Handel bereits wichtige Erfahrungen gesammelt. Mit der Erstellung der nationalen Zuteilungspläne und deren Prüfung durch die...
Persistent link: https://www.econbiz.de/10010377788
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Optimal management of markets for bankable emission permits
Lintunen, Jussi; Kuusela, Olli-Pekka - 2015
We examine the optimal management of emission permit markets when banking but not borrowing of permits is allowed. The regulator maximizes expected social welfare through an optimal allocation rule in an infinite horizon setting. The policy is second-best as the emission cap is set before the...
Persistent link: https://www.econbiz.de/10011307281