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Pourpouneh, Mohsen; Nielsen, Kurt; Ross, Omri - 2020

A new type of Automated Market Makers (AMMs) powered by Blockchain technology keep liquidity on-chain and offer transparent price mechanisms. This innovation is a significant step in the direction of building a more transparent and efficient financial market. This paper explores analytically...

Persistent link: https://www.econbiz.de/10012242144

A small volume reduction that melts down the market : auctions with endogenous rationing

Ehrhart, Karl-Martin; Hanke, Ann-Katrin; Ott, Marion - 2020

Auctions with endogenous rationing have been introduced to stimulate competition. Such (procurement) auctions reduce the volume put out to tender when competition is low. This paper finds a strong negative effect of endogenous rationing on participation when bid-preparation is costly,...

Persistent link: https://www.econbiz.de/10012195628

Price formation in a sequential selling mechanism

Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2005

auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … 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

Auction Theory : Introductory Exercises with Answer Keys

Choi, Pak-Sing; Munoz-Garcia, Felix - 2021 - 1st ed. 2021.

This textbook provides a short introduction to auction theory through exercises with detailed answer keys. Focusing on … practical examples, this textbook offers over 80 exercises that predict bidders’ equilibrium behaviour in different auction … formats, along with the seller’s strategic incentives to organize one auction format over the other. The book emphasizes game …