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Cheap-talk communication in procurement auctions : theory and experiment
Onderstal, Sander; Yang, Yang - 2020
and in a laboratory experiment. Our theoretical results suggest that in a setting where the buyer and the suppliers have …
Persistent link: https://www.econbiz.de/10012167341
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Contest Architecture with Public Disclosures
Hinnosaar, Toomas - 2019
I study optimal disclosure policies in sequential contests. A contest designer chooses at which periods to publicly disclose the efforts of previous contestants. I provide results for a wide range of possible objectives for the contest designer. While different objectives involve different...
Persistent link: https://www.econbiz.de/10012869576
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Inefficiency in private value bargaining with naive players : an experimental study
Possajennikov, Alexandre; Saran, Rene - 2018
The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting … no equilibrium achieving full efficiency. In the experiment, we vary the proportion of naive traders by introducing … computerized players. We find that full efficiency is not achieved in the experiment with or without naive traders, and efficiency …
Persistent link: https://www.econbiz.de/10011852503
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A proxy bidding mechanism that elicits all bids in an English clock auction experiment
Engelmann, Dirk; Wolfstetter, Elmar - 2005
that makes all bids visible, and apply it to a 'wallet auction' experiment. Finally, we test the theory against various …
Persistent link: https://www.econbiz.de/10010370528
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Risk, reward and uncertainty in buyer-seller transactions : the seller's view on combining posted prices and auctions
Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2023
In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature almost exclusively looks at buyers in such combined mechanisms, the current paper summarizes results from the sellers' point of view. Buy-It-Now auctions are complex mechanisms...
Persistent link: https://www.econbiz.de/10014477420
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Majoritarian Contests with Asymmetric Battlefields : An Experiment
Montero, Maria; Possajennikov, Alex; Sefton, Martin; … - 2013
choices from a laboratory experiment. The equilibrium predicts that the large battlefield receives more than a proportional …
Persistent link: https://www.econbiz.de/10014150669
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Learning direction theory and the winners curse
Selten, Reinhard; Abbink, Klaus; Cox, Ricarda - 2001
We report an experiment on a decision task by SAMUELSON and BAZERMAN (1985). Subjects submit a bid for an item with an …
Persistent link: https://www.econbiz.de/10011539130
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Trust in procurement interactions
Fugger, Nicolas; Katok, Elena; Wambach, Achim - In: Management science : journal of the Institute for … 65 (2019) 11, pp. 5110-5127
Persistent link: https://www.econbiz.de/10012125891
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Collusion in dynamic buyer-determined reverse auctions
Fugger, Nicolas; Katok, Elena; Wambach, Achim - In: Management science : journal of the Institute for … 62 (2016) 2, pp. 518-533
Persistent link: https://www.econbiz.de/10011446244
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Increasing revenue by decreasing information in procurement auctions
Haruvy, Ernan; Katok, Elena - In: Production and operations management : an international … 22 (2013) 1, pp. 19-35
Persistent link: https://www.econbiz.de/10009721329