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of a multi-object auction. After the auction either all bids or only the prices to be paid are revealed to all firms … bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …
Persistent link: https://www.econbiz.de/10003935653
We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary …
Persistent link: https://www.econbiz.de/10009544159
; menstrual cycle ; gender ; likelihood of conception ; first price auction ; risk behavior ; competition ; bidding …In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we …
Persistent link: https://www.econbiz.de/10003878997
We consider a general mechanism design setting where each agent can acquire covert information before participating in the mechanism. The central question is whether a mechanism exists which provides the efficient incentives for information acquisition ex-ante and implements the efficient...
Persistent link: https://www.econbiz.de/10014165690
We consider a general mechanism design setting where each agent can acquire (covert) information before participating in the mechanism. The central question is whether a mechanism exists which provides the efficient incentives for information acquisition ex-ante and implements the efficient...
Persistent link: https://www.econbiz.de/10014130155
of a multi-object auction. After the auction either all bids or only the prices to be paid are revealed to all firms … bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …
Persistent link: https://www.econbiz.de/10010334084
price is revenue-inferior. Optimal auctions are otherwise contentless: any auction that sells without reserve becomes …Potential bidders respond to a seller's choice of auction mechanism for a common-value or affiliated-values asset by …. Privately informed participants decide whether to incur a bid-preparation cost and pay an entry fee, or cease competing. Auction …
Persistent link: https://www.econbiz.de/10009271960
bids. We consider such auctions when two bidders alternate in raising their bids and where all aspects of the auction are … minimal necessary increment affects the outcome of the auction. We also study the impact of budget caps on total bids. We show …
Persistent link: https://www.econbiz.de/10003782112
price is revenue-inferior. Optimal auctions are otherwise contentless: any auction that sells without reserve becomes …Potential bidders respond to a seller's choice of auction mechanism for a common-value or affiliated-values asset by …. Privately informed participants decide whether to incur a bid-preparation cost and pay an entry fee, or cease competing. Auction …
Persistent link: https://www.econbiz.de/10010332481
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to … asking price and that this offer may be accepted if the seller receives no better offers. Despite their prevalence in a … environment with a few simple, realistic ingredients and demonstrate that using an asking price is optimal: it is the pricing …
Persistent link: https://www.econbiz.de/10009696885