Showing 1 - 10 of 1,257
Persistent link: https://www.econbiz.de/10011410094
Auction theory has ambiguous implications regarding the relative efficiency of three formats of multiunit auctions …: uniform-price, discriminatory-price, and Vickrey auctions. We empirically evaluate the performance of these three auction … formats using the bid-level data of the Federal Reserve's purchase auctions of agency mortgage-backed securities (MBS) from …
Persistent link: https://www.econbiz.de/10013015085
Persistent link: https://www.econbiz.de/10014288055
We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U ….S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more … extends the theory of private value auctions with heterogeneous bidders to capture participation decisions, that can account …
Persistent link: https://www.econbiz.de/10011607074
Persistent link: https://www.econbiz.de/10011804720
Persistent link: https://www.econbiz.de/10013473056
Persistent link: https://www.econbiz.de/10011460103
Persistent link: https://www.econbiz.de/10002678194
Persistent link: https://www.econbiz.de/10000646586
Persistent link: https://www.econbiz.de/10003788890