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Cheap Talk Advertising in Auctions
Jewitt, Ian; Li, Daniel Z. - 2021
This paper explores how a seller should transmit product information to bidders with horizontally differentiated preferences. Under cheap-talk, we show that, in an informative equilibrium, the seller provides less precise information for more popular product attributes. Second, for any given...
Persistent link: https://www.econbiz.de/10013250400
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Optimal Allocation of Multi-Dimensional Prizes in Contests with Heterogeneous Agents
Antsygina, Anastasia - 2021
We develop a model where two players with asymmetric preferences engage in a contest game. The key novelty is the introduction of multi-dimensional rewards. We characterize the optimal prize allocation that maximizes aggregate effort. When heterogeneity in preferences is strong and the designer...
Persistent link: https://www.econbiz.de/10013212096
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Collusion in dynamic buyer-determined reverse auctions
Fugger, Nicolas; Katok, Elena; Wambach, Achim - In: Management science : journal of the Institute for … 62 (2016) 2, pp. 518-533
Persistent link: https://www.econbiz.de/10011446244
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First-price auctions in online display advertising
Despotakis, Stylianos; Ravi, Ramamoorthi; Sayedi, Amin - In: Journal of marketing research 58 (2021) 5, pp. 888-907
Persistent link: https://www.econbiz.de/10012662060
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Incorporating the time-order effect of feedback in online auction markets through a Bayesian updating model
Chau, Michael; Li, Wenwen; Yang, Boye; Lee, Alice J.; … - In: MIS quarterly 45 (2021) 2, pp. 985-1006
Persistent link: https://www.econbiz.de/10012631394
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Prospect theory in a dynamic game : theory and evidence from online pay-per-bid auctions
Brünner, Tobias; Reiner, Jochen; Natter, Martin; … - In: Journal of economic behavior & organization : JEBO 164 (2019), pp. 215-234
Persistent link: https://www.econbiz.de/10012145222
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Spieltheoretische Verhandlungs- und Auktionsstrategien : mit Praxisbeispielen von Internetauktionen bis Investmentbanking
Berz, Gregor - 2022 - 3., grundlegend neu bearbeitete und erweiterte Auflage
Persistent link: https://www.econbiz.de/10013192638
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Low price equilibrium in multi-unit auctions : the GSM spectrum auction in Germany
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001
The second-generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in … a simultaneous ascending-bid auction.The present paper gives an account of the events, describes the auction rules and …
Persistent link: https://www.econbiz.de/10011399147
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The third generation (UMTS) spectrum auction in Germany
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001
The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more … competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and … presents a game theoretic explanation of observed events during the crucial phase of that auction, which have puzzled several …
Persistent link: https://www.econbiz.de/10011400807
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Auctioning vs. grandfathering in cap-and-trade systems with market power and incomplete information
Alvarez González, Francisco; Jarque Andrés, Francisco - 2013
-unit, multi-bid uniform auction, modelled as a Bayesian game of incomplete information. At the auction each firm anticipates his … as their bidding strategies and it precludes the auction from generating a cost-effective allocation of permits, as it … would occur in simpler auction models. Auctioning tends to be more cost-effective than grandfathering when the firms' costs …
Persistent link: https://www.econbiz.de/10010226080