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Project modifications and bidding in highway procurement auctions

De Silva, Dakshina G.; Dunne, Timothy; Kosmopoulou, Georgia - 2015

This paper examines bidding behavior in a setting where post-bid-letting project modifications occur. These modifications change both the costs and payouts to the winning contractor, making the contract incomplete. Recent empirical research shows that bidders incorporate the likelihood of such...

Persistent link: https://www.econbiz.de/10011397241

Procurement Auctions for Differentiated Goods

Swarthout, J. Todd - 2011

under compensates for quality advantages, creating a market distortion in which the buyer captures surplus at the expense of …

Persistent link: https://www.econbiz.de/10013130629

Project Modifications and Bidding in Highway Procurement Auctions

De Silva, Dakshina G.; Dunne, Timothy; Kosmopoulou, Georgia - 2017

Persistent link: https://www.econbiz.de/10014048906

Rationalizing the UMTS spectrum bids : the case of the UK auction

Boergers, Tilman; Dustmann, Christian - 2002

This paper considers bidder behaviour in the United Kingdom s UMTS spectrum auction. Evidence is reviewed which shows that some bidders in this auction did not bid straightforwardly in accordance with fixed valuations of the licenses. We go on to consider more speculative hypotheses about...

Persistent link: https://www.econbiz.de/10011409209

Nonparametric tests for common values at first-price sealed bid auctions

Haile, Philip A.; Hong, Han; Shum, Matthew - 2003

Persistent link: https://www.econbiz.de/10001833591

Frequent Auctions for Intraday Electricity Markets

Graf, Christoph; Kuppelwieser, Thomas; Wozabal, David - 2022

, more reliable, less noisy price signals, and allows for better alignment of market outcomes with the technical realities of … the grid. In an empirical study, we compare the German continuous intraday market with counter-factual outcomes from … price signals contain less noise for the auction market. Furthermore, we critically discuss the suitability of continuous …

Persistent link: https://www.econbiz.de/10013292057

Rationalizing the Umts Spectrum Bids : The Case of the UK Auction

Borgers, Tilman; Dustmann, Christian - 2021

This paper considers bidder behaviour in the United Kingdom's UMTS spectrum auction. Evidence is reviewed which shows that some bidders in this auction did not bid straightforwardly in accordance with fixed valuations of the licenses. We go on to consider more speculative hypotheses about...

Persistent link: https://www.econbiz.de/10013320601

How do sellers benefit from buy-it-now prices in Ebay auctions? : an experimental investigation

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2018

In Buy-It-Now (BIN, hereafter) auctions, sellers can make a "take-it-or-leave-it" price offer (BIN price) prior to an auction. We analyse experimentally how eBay sellers set BIN prices and whether they benefit from offering them. Using the real eBay environment in the laboratory, we find that...

Persistent link: https://www.econbiz.de/10011902715

How do sellers benefit from Buy-It-Now prices in eBay auctions?

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2019

We investigate experimentally on eBay how sellers set prices in "Buy-It-Now" (BIN) auctions. We find that the eBay format leads to prices substantially below those expected in second-price auctions. Moreover, our results reveal that the information available on eBay about buyer experience and...

Persistent link: https://www.econbiz.de/10012309640

An Analysis of Strategic Behavior in Ebay Auctions

Hasker, Kevin; Sickles, Robin C. - 2014

A relatively new type of panel data analysis is becoming more and more topical in the applied econometrics literature as auction mechanisms are being explored in more depth. The typical data utilized in such studies involves repeated measures of auction outcomes, where the variable of interest...

Persistent link: https://www.econbiz.de/10014201221

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