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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
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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
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Double-sided auction mechanism design in electricity based on maximizing social welfare
Zou, Xiaoyan - In: Energy policy 37 (2009) 11, pp. 4231-4239
Persistent link: https://www.econbiz.de/10003916216
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Core deviation minimizing auctions
Hafalir, Isa E.; Yektaş, Hadi - In: International journal of game theory : official journal … 44 (2015) 2, pp. 367-376
Persistent link: https://www.econbiz.de/10011378485
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Compact bid languages and core pricing in large multi-item auctions
Goetzendorff, Andor; Bichler, Martin; Shabalin, Pasha; … - In: Management science : journal of the Institute for … 61 (2015) 7, pp. 1684-1703
Persistent link: https://www.econbiz.de/10011304105
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Auctions for social lending : a theoretical analysis
Chen, Ning; Ghosh, Arpita; Lambert, Nicolas - In: Games and economic behavior 86 (2014), pp. 367-391
Persistent link: https://www.econbiz.de/10011304973
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Optimal selling strategies when buyers name their own prices
Zeithammer, Robert - In: Quantitative marketing and economics : QME 13 (2015) 2, pp. 135-171
Persistent link: https://www.econbiz.de/10011348300
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An externality-robust auction : theory and experimental evidence
Bartling, Björn; Netzer, Nick - 2014 - This version: April 2014
An auction is externality-robust if unilateral deviations from equilibrium leave the other bidders' payoffs unaffected … externalities due to spiteful preferences, which have been used to explain overbidding in the second-price auction (SPA). Another … example are cross-shareholdings between companies that compete in an auction. We derive an auction that coincides with the SPA …
Persistent link: https://www.econbiz.de/10010360336
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An externality-robust auction : theory and experimental evidence
Bartling, Björn; Netzer, Nick - 2014 - This version: April 2014, First version: November 2013
An auction is externality-robust if unilateral deviations from equilibrium leave the other bidders' payoffs unaffected … externalities due to spiteful preferences, which have been used to explain overbidding in the second-price auction (SPA). Another … example are cross-shareholdings between companies that compete in an auction. We derive an auction that coincides with the SPA …
Persistent link: https://www.econbiz.de/10010347030
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Should sellers prefer auctions? : a laboratory comparison of auctions and sequential mechanisms
Davis, Andrew M.; Katok, Elena; Kwasnica, Anthony M. - In: Management science : journal of the Institute for … 60 (2014) 4, pp. 990-1008
Persistent link: https://www.econbiz.de/10010347792