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Procurement Auctions with Avoidable Fixed Costs : An Experimental Approach
Elmaghraby, Wedad J.; Larson, Nathan - 2011
Bidders in procurement auctions often face avoidable fixed costs. This can make bidding decisions complex and risky …
Persistent link: https://www.econbiz.de/10014047023
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Auctions, market prices and the risk attitude effect
Janssen, Maarten C. W.; Karamychev, Vladimir A. - 2005
lottery ticket.li one license is auctioned, auctions select the firm that is least risk averse.This is what we call the risk …
Persistent link: https://www.econbiz.de/10011343288
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Enhancing Trust in Online Auctions : eBay's Australian Experience with Code and Law
Selby, John - 2014
sellers. Simultaneously, the operators must lower the risk of bidding on auctions hosted by the site to ensure a steady supply … of potential buyers (and successfully completed auctions). Lowering the risk to the buyer and the seller in an online … disputes relating to online auctions hosted by eBay Australia. It highlights the inter-relationship between the common law and …
Persistent link: https://www.econbiz.de/10014219226
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Does the fundamental transformation deter trade? : an experiment
Engel, Christoph; Helland, Eric - 2020
Oliver Williamson has coined the term "fundamental transformation". It captures the following situation: before they strike a deal, buyer and seller are protected by competition. Yet thereafter they find themselves in a bilateral monopoly. With common knowledge of standard preferences, both...
Persistent link: https://www.econbiz.de/10012306406
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Asymmetric Demand Information in Uniform and Discriminatory Call Auctions : An Experimental Analysis Motivated by Electricity Markets
Abbink, Klaus; Brandts, Jordi; McDaniel, Tanga - 2003
We study experimental multi-unit uniform and discriminatory auctions with demand uncertainty, motivated by the ongoing …, under asymmetric information discriminatory auctions are significantly less efficient. These results are not in line with …
Persistent link: https://www.econbiz.de/10014084593
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Collusion in multiobject auctions : an experimental evidence
Matousek, Jindrich; Cingl, Lubomir - 2015
We experimentally examine the attributes of two complex multi-unit auction mechanisms in the presence of an opportunity to collude among bidding participants due to a provision of a simple communication channel. The results suggest that the combinatorial bidding format does not bring higher...
Persistent link: https://www.econbiz.de/10011305158
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Carbon Auctions, Energy Markets and Market Power : An Experimental Analysis
Dormady, Noah - 2018
This paper provides an experimental analysis of a simultaneous energy-emissions market under conditions of market power. The experimental design employs real-world institutional features; including stochastic demand, permit banking, inter-temporal (multi-round) dynamics, a tightening cap, and...
Persistent link: https://www.econbiz.de/10012934424
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Carbon Auction Revenue and Market Power : An Experimental Analysis
Dormady, Noah - 2018
State and regional governments in the U.S. and abroad are looking to market-based approaches to mitigating greenhouse gas emissions from the electric sector, and in the U.S. as a compliance approach to meeting the aggressive targets of the Environmental Protection Agency (EPA)'s Clean Power...
Persistent link: https://www.econbiz.de/10012934425
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Collusion in Auctions for Emission Permits : An Experimental Analysis
Burtraw, Dallas; Goeree, Jacob K.; Holt, Charles A.; … - 2010
Environmental markets have several institutional features that provide a new context for the use of auctions and which … discriminatory price sealed bid auctions and an ascending clock auction. We test the ability of subjects to tacitly or explicitly … collude in order to maximize profits. Our main result is that the discriminatory and uniform price auctions produce greater …
Persistent link: https://www.econbiz.de/10014214458
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Asymmetric Demand Information in Uniform and Discriminatory Call Auctions : An Experimental Analysis Motivated by Electricity Markets
Abbink, Klaus; Brandts, Jordi; McDaniel, Tanga - 2003
We study experimental multi-unit uniform and discriminatory auctions with demand uncertainty, motivated by the ongoing …, under asymmetric information discriminatory auctions are significantly less efficient. These results are not in line with …
Persistent link: https://www.econbiz.de/10014094234