Showing 1 - 10 of 845
A number of heterogeneous items are to be sold to a group of potential bidders. Every bidder knows his own values over the items and his own budget privately. Due to budget constraint, bidders may not be able to pay up to their values. In such a market, a Walrasian equilibrium usually fails to...
Persistent link: https://www.econbiz.de/10010325818
We present a partial identification approach for ascending auctions wit bidder asymmetries, where bidders' asymmetric types may be unobservable to the econometrician. Our approach yields sharp bounds and builds on and generalizes other recent bounds approaches for correlated private values...
Persistent link: https://www.econbiz.de/10011995486
Price controls are used in many regulated markets and well recognized as the cause of market inefficiency. This paper examines a practical housing market in the presence of price controls and provides a solution to the problem of how houses should be efficiently allocated among agents through a...
Persistent link: https://www.econbiz.de/10013208692
In a second-price sequential auction with both global and local bidders, we explore the optimal order for selling heterogeneous goods to maximize efficiency or revenue. Our findings indicate that selling the good with very small variance (almost-zero variance) first yields higher revenue, while...
Persistent link: https://www.econbiz.de/10015209768
Public procurement contracts require frequent renegotiation. We exploit the Czech implementation of an EU policy as a natural experiment to investigate the effect of eased renegotiation rules. We document that the eased renegotiation rules decreased winning bids but did not change the final...
Persistent link: https://www.econbiz.de/10015211279
Governments can support the green transition through green public procurement. Despite its strategic importance, the impact of this policy on firms remains unclear. Using US data, this paper provides the first empirical analysis of the causal effects of green contracts on corporate environmental...
Persistent link: https://www.econbiz.de/10015211863
We consider the problem of allocating multiple units of an indivisible object among a set of agents and collecting payments. Each agent can receive multiple units of the object, and has a (possibly) non-quasi-linear preference on the set of (consumption) bundles. We assume that preferences...
Persistent link: https://www.econbiz.de/10013349607
We investigate effects of tax reporting institutions on evasion and incidence using an experimental double auction market setting. We find that 28% of the sellers are truthful when only sellers report, but that 88% and 64% of them are truthful under costless and costly third-party reporting by...
Persistent link: https://www.econbiz.de/10013353403
Die Bundesregierung hat im Juli 2022 das sogenannte 'Osterpaket' verabschiedet, das eine Vielzahl an Maßnahmen zum Ausbau erneuerbarer Energien vorsieht. Das Paket hält an der gleitenden Marktprämie als Vergütungsmechanismus fest, welche einseitig nur StromerzeugerInnen absichert, während...
Persistent link: https://www.econbiz.de/10013371397
The German Federal Government passed the "Easter Package" in July 2022, which envisages a number of measures for the expansion of renewable energy sources. The package retains sliding market premiums as a remuneration mechanism, which protect electricity producers unilaterally, while contracts...
Persistent link: https://www.econbiz.de/10013371404