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Auctions with imperfect commitment when the reserve may signal the auctioneer's type
Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2013
If bidders are uncertain whether the auctioneer sticks to the announced reserve, some bidders respond by not bidding, speculating that the auctioneer may revoke the reserve. However, the reserve inadvertently signals the auctioneer's type, which drives a unique separating and a multitude of...
Persistent link: https://www.econbiz.de/10009781360
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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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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 …
Persistent link: https://www.econbiz.de/10012519940
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Auction theory : introductory exercises with answer keys
Choi, Pak-Sing; Muñoz-García, Félix - 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 …
Persistent link: https://www.econbiz.de/10012493389
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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