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the use of these reverse auctions has grown rapidly over the past decades. For the (reverse) unit price auction experience … competition, incentives in unit price auction change in such a way that can make bid skewing disappear. …
Persistent link: https://www.econbiz.de/10011386002
using the transparency of auction procedures and the discretionary power of the regulator as two complementary instruments …
Persistent link: https://www.econbiz.de/10014047691
online auction. The article concludes that consumers using online auctions have fewer legal rights and more difficulties … consumers using online auction sites are that the goods are not delivered or that they are defective in some way. The article … contact information and enacting specific regulation for online auction site operators …
Persistent link: https://www.econbiz.de/10014130387
Using an original database concerning 1637 French local public authorities in 2001, we explore the relationships between prices charged by private operators in water contracts and ex post competition. We show that prices charged in contracts, in which operators are in a monopoly situation...
Persistent link: https://www.econbiz.de/10014056147
Using an original database concerning 1637 French local public authorities in 2001, we explore the relationships between prices charged by private operators in water contracts and ex post competition. We show that prices charged in contracts, in which operators are in a monopoly situation...
Persistent link: https://www.econbiz.de/10014061752
This paper develops an auction design framework to analyze various methods for assessing “fair value” in post …
Persistent link: https://www.econbiz.de/10012935039
This paper examines whether a randomized auction ending time reduces market manipulation. Using the random auction … manipulation in the pre-auction opening and pre-closing phase suggesting that the length of time of this phase is important …. Overall, our results indicate that the randomized auction ending can curb market manipulation and improve price efficiency …
Persistent link: https://www.econbiz.de/10012868396
In light of recent developments in auction theory, this Article re-examines Delaware corporate law governing directors … directors resolves to sell a corporation, it must obtain the highest price reasonably available. Auction theory posits that, in … the rules of the auction. Delaware law, however, does not fully endorse directors' ability to make such precommitments …
Persistent link: https://www.econbiz.de/10013033404
distressed assets for the claimants’ benefit. Still, what is the optimal design of a bankruptcy auction? Does the method used to … execute a bankruptcy auction matter at all? Does one auction method fit all bankrupt firms? Surprisingly, these questions have … not been answered yet, as auction design in the specific context of bankruptcy has barely been studied. This paper …
Persistent link: https://www.econbiz.de/10014157553
Persistent link: https://www.econbiz.de/10011417872