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repo auctions. However, whenever interest rates are expected to decline, the minimum bid rate is viewed as too high and …, we perform a panel analysis of the bidder behavior in the repo auctions of the Bundesbank where no minimum bid rate was …
Persistent link: https://www.econbiz.de/10011432155
repo auctions. However, whenever interest rates are expected to decline, the minimum bid rate is viewed as too high and …, we perform a panel analysis of the bidder behavior in the repo auctions of the Bundesbank where no minimum bid rate was …
Persistent link: https://www.econbiz.de/10010295761
repo auctions. However, whenever interest rates are expected to decline, the minimum bid rate is viewed as too high and …, we perform a panel analysis of the bidder behavior in the repo auctions of the Bundesbank where no minimum bid rate was …
Persistent link: https://www.econbiz.de/10005083079
In practice, the rules in most open English auctions require participants to raise bids by a sizeable, discrete amount … bidder aggressiveness they will encounter in actual auctions. We also examine how these strategies change with the auction … bidding. Our model examines open English auctions where bidders have independent, private valuations. We find that discrete …
Persistent link: https://www.econbiz.de/10008787861
Persistent link: https://www.econbiz.de/10010469327
We propose the clock-proxy auction as a practical means for auctioning many related items. A clock auction phase is followed by a last-and-final proxy round. The approach combines the simple and transparent price discovery of the clock auction with the efficiency of the proxy auction. Linear...
Persistent link: https://www.econbiz.de/10004988791
A comprehensive book on combinatorial auctions?auctions in which bidders can bid on packages of items. The book … by Vernon Smith, an introduction to combinatorial auctions, and twenty-three cross-referenced chapters in five parts … testing the performance of combinatorial auctions, including simulation and experiment. Part V considers four important …
Persistent link: https://www.econbiz.de/10004997796
analysis of several administrative measures, congestion pricing options and slot auctions. The research output includes a …
Persistent link: https://www.econbiz.de/10004997816
Inspired by some spectrum auctions we consider a stylized license auction with incumbents and a potential entrant …
Persistent link: https://www.econbiz.de/10010786506
Persistent link: https://www.econbiz.de/10009616361