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The Impact of Commitment on Nonrenewable Resources Management with Asymmetric Information on Costs

Ing, Julie - 2016

We study the optimal contracts (payment and extraction path) implemented by a regulator unable to commit to long term contracts that delegates the extraction of a nonrenewable resource to a firm. The regulator wishes to maximize the tax revenue and does not know the firm's efficiency which is...

Persistent link: https://www.econbiz.de/10013008143

Adverse selection, commitment and exhaustible resource taxation

Ing, Julie - 2016

Governments design taxation schemes to capture resource rent. However, they usually propose contracts with limited duration and possess less information on the resources than the extractive firms do. This paper investigates how information asymmetry on costs and an inability to commit to...

Persistent link: https://www.econbiz.de/10011793580

Optimal bid disclosure in license auctions with downstream interaction

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2014

The literature on license auctions for process innovations in oligopoly assumed that the auctioneer reveals the winning …, partial, and no disclosure of bids, which correspond to standard auctions. We show that more information disclosure increases …

Persistent link: https://www.econbiz.de/10010378352

Auctions vs. negotiations : the case of favoritism ; conference paper

Gretschko, Vitali; Wambach, Achim - 2013

We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …

Persistent link: https://www.econbiz.de/10010342227

Auctions with imperfect commitment when the reserve may signal the auctioneer's type

Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2013

If bidders are uncertain whether the auctioneer sticks to the announced reserve, some bidders respond by not bidding, speculating that the auctioneer may revoke the reserve. However, the reserve inadvertently signals the auctioneer's type, which drives a unique separating and a multitude of...

Persistent link: https://www.econbiz.de/10009781360

The doping threshold in sport contests

Müller, Daniel - 2013

We analyze the doping behavior of heterogeneous athletes in an environment of private information. In a n-player strategic game, modeled as an all-pay auction, each athlete has private information about his actual physical ability and choses the amount of performance-enhancing drugs. The use of...

Persistent link: https://www.econbiz.de/10009772194

Market power and welfare in asymmetric divisible good auctions

Manzano Tovar, Carolina; Vives, Xavier - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 3, pp. 1095-1137

We analyze a divisible good uniform‐price auction that features two groups, each with a finite number of identical bidders, who compete in demand schedules. In the linear‐quadratic‐normal framework, this paper presents conditions under which the unique equilibrium in linear demands exists...

Persistent link: https://www.econbiz.de/10012806389

The Doping Threshold in Sport Contests

Müller, Daniel - 2013

Persistent link: https://www.econbiz.de/10011390690

Horizontal mergers with synergies: first-price vs. profit-share auction

Ding, Wei; Fan, Cuihong; Wolfstetter, Elmar - 2010

of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions …

Persistent link: https://www.econbiz.de/10008822617

Asymmetric information in auctions : are resellers better appraisers?

Koptyug, Nikita - 2016

This paper shows that in online car auctions, resellers are better at appraising the value of the cars they are bidding … on than are consumers. Using a unique data set of online car auctions, I show that differences in bidding behavior … information, one in which consumers are subsidized and one in which consumers are allowed into all-reseller auctions. Finally, I …

Persistent link: https://www.econbiz.de/10011430656

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