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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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Speed and Learning in High-Frequency Auctions
Haas, Marlene - 2020
model where high-frequency traders (HFTs) engage in duels to trade onstale quotes. More frequent periodic auctions increase … trading speedincreases the expected number of arbitrageurs participating in auctions, promoting competitionbetween snipers and …-ask spreads. Relative to continuous-time trading,periodic batch auctions reduce HFT informational rents …
Persistent link: https://www.econbiz.de/10012855696
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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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Coordinating Cross-Border Congestion Management Through Auctions : An Experimental Approach to European Solutions
Jullien, Céline; Robin, Stéphane; Pignon, Virginie; … - 2011
Competition among producers within an integrated electricity system is impeded by any limited transmission capacity there may be at its borders. Two alternative market mechanisms have recently been designed to organize the allocation of scarce transmission capacity at cross-border level: the...
Persistent link: https://www.econbiz.de/10014176643
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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
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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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Group identity and discrimination in small markets : asymmetry of in-group favors
Riener, Gerhard; Schacht, Alexander - 2011
We experimentally study the inuence of induced group identity on the determination of prices and beliefs in a small market game. We create group identity through a focal point coordination game. Subjects play a three-person bargaining game where one seller can sell an indivisible good to one of...
Persistent link: https://www.econbiz.de/10009310129
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Group Identity and Strategic Games in the Laboratory
Bayona, Anna; Bronchal, Adrià - 2022
We study the effects of group identity on cooperation in experimental two-person strategic games. Our results show that in games of strategic complements, group identity only matters initially when a participant interacts with another participant of the same group by delivering more cooperative...
Persistent link: https://www.econbiz.de/10014077790
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Pricing and Capacity Provision in Electricity Markets: An Experimental Study
Le Coq, Chloé; Orzen, Henrik; Schwenen, Sebastian - 2016
The creation of adequate investment incentives has been of great concern in the restructuring of the electricity sector. However, to achieve this regulators have applied different market designs across countries and regions. In this paper we employ laboratory methods to explore the relationship...
Persistent link: https://www.econbiz.de/10012110664
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Managers and Students Playing Cournot: Experimental Evidence from Malaysia
Waichman, Israel; Requate, Till; Siang, Ch'ng Kean - 2008
We report results from a Cournot triopoly experiment with different subject pools: German students, Malaysian students, and Malaysian managers. While German students play Nash, we reject the hypothesis that both Malaysian students and managers select the Nash quantity. Moreover, Malaysian...
Persistent link: https://www.econbiz.de/10010298767