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We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U ….S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more … extends the theory of private value auctions with heterogeneous bidders to capture participation decisions, that can account …
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We describe the economics literature on auction markets, with an emphasis on the connection between theory, empirical practice, and public policy, and a discussion of outstanding issues. We describe some basic concepts, to highlight some strengths and weaknesses of the literature, and so...
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In dem vorliegenden Beitrag beschreiben wir die exemplarische Anwendung der Choice-Based-Conjoint-Analyse (CBCA) in der ÖPNV-Kaufverhaltensforschung. Ausgehend von den Ergebnissen einer Befragung von mehr als 1000 Abo-Kunden eines deutschen Verkehrsraumes, welche uns von PROBST & CONSORTEN...
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We analyze the technical efficiency of German and Swiss urban public transport companies by means of SFA. In transport networks we might face different network structures or complexities, not observed, but influencing the production process. The unobserved factors are typically modeled as...
Persistent link: https://www.econbiz.de/10003915868
This paper investigates how the ownership and the procedure for the selection of firms operating in the local public transport sector affect their productivity. In order to compare different institutional regimes, we carry out a comparative analysis of 72 companies operating in large European...
Persistent link: https://www.econbiz.de/10008702341