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place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …
Persistent link: https://www.econbiz.de/10010365906
In a two-tier industry with bottleneck upstream and two downstream firms producing vertically differentiated goods, we identify conditions under which the upstream supplier chooses exclusive or non-exclusive negotiations, or an English auction to sell its essential input. Auctioning off a...
Persistent link: https://www.econbiz.de/10012837759
In a two-tier industry with bottleneck upstream and two downstream firms producing vertically differentiated goods, we identify conditions under which the upstream supplier chooses exclusive or non-exclusive negotiations, or an English auction to sell its essential input. Auctioning off a...
Persistent link: https://www.econbiz.de/10012202056
as equilibrium phenomena of the ascending auction. In a series of experiments, we compare its performance to that of the …
Persistent link: https://www.econbiz.de/10010325228
as equilibrium phenomena of the ascending auction. In a series of experiments, we compare its performance to that of the …
Persistent link: https://www.econbiz.de/10011342575
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
as equilibrium phenomena of the ascending auction. In a series of experiments, we compare its performance to that of the …
Persistent link: https://www.econbiz.de/10014068489
The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting …
Persistent link: https://www.econbiz.de/10011852503
Internet markets) to a market without feedback, as well as to a market in which the same people interact with one another …
Persistent link: https://www.econbiz.de/10014066626
Persistent link: https://www.econbiz.de/10011406810