Narrow search
Showing 1 - 10 of 5,488
Cover Image
Inefficient rushes in auctions
Hernando-Veciana, Ángel; Michelucci, Fabio - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 1, pp. 273-306
because it is prone to rushes, i.e., all active bidders quitting simultaneously, that undermine its efficiency. Our second …
Persistent link: https://www.econbiz.de/10011855888
Cover Image
How risk sharing may enhance efficiency in English auctions
Hu, Audrey; Offerman, Theo; Zou, Liang - 2014
We investigate the possibility of enhancing efficiency by awarding premiums to a set of highest bidders in an English …
Persistent link: https://www.econbiz.de/10010234599
Cover Image
Estimating Inefficiency in Online Auctions
Hirose, Yohsuke - 2020
empirical example, we use eBay PlayStation 3 auctions held in 2009. We find that the efficiency loss is over $30 for more than 5 …In this paper, we estimate the inefficiency in online auctions. Online auctions can be inefficient due to the Internet …% of online auctions. Furthermore, we also find the probability of the inefficient online auction is more than 0.25 …
Persistent link: https://www.econbiz.de/10012839165
Cover Image
How Risk Sharing May Enhance Efficiency in English Auctions
Hu, Audrey - 2014
We investigate the possibility of enhancing efficiency by awarding premiums to a set of highest bidders in an English …
Persistent link: https://www.econbiz.de/10013060058
Cover Image
Fairness and efficiency in online advertising mechanisms
Watts, Alison - In: Games 12 (2021) 2, pp. 1-11
generalized second price auctions. However, such an auction or mechanism could be considered unfair if similar consumers are … consistently shown different ads or consistently receive different payoffs. Results show that such ascending bid auctions may … assignment can improve fairness while improving efficiency in some circumstances. …
Persistent link: https://www.econbiz.de/10012503803
Cover Image
The unique-lowest sealed-bid auction
Houba, Harold; Laan, Dinard van der; Veldhuizen, Dirk - 2008
Unique-lowest sealed-bid auctions are auctions in which participation is endogenous and the winning bid is the lowest … bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in pure and mixed strategies. The two …
Persistent link: https://www.econbiz.de/10011374396
Cover Image
Do auctions and forced divestitures increase competition?
Soetevent, Adriaan R.; Haan, Marco; Heijnen, Pim - 2011
divestitures. The Dutch government has doneexactly that, organizing auctions to redistribute tenancy rights for highway …
Persistent link: https://www.econbiz.de/10011377389
Cover Image
Auctions with numerous bidders
Caserta, Silvia; Vries, Casper G. de - 2005
We study auctions in which the number of potential bidders is large, such as in Internet auctions. With numerous … Internet auctions. …
Persistent link: https://www.econbiz.de/10011343281
Cover Image
Auctions, market prices and the risk attitude effect
Janssen, Maarten C. W.; Karamychev, Vladimir A. - 2005
lottery ticket.li one license is auctioned, auctions select the firm that is least risk averse.This is what we call the risk …
Persistent link: https://www.econbiz.de/10011343288
Cover Image
Do pay-as-bid auctions favor collusion? : evidence from Germany’s market for reserve power
Heim, Sven; Goetz, Georg - 2013
behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …
Persistent link: https://www.econbiz.de/10009751726