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-price auction. Before the contest, a fixed number of innovators is selected in an entry auction, in order to address the adverse …
Persistent link: https://www.econbiz.de/10014197603
We study innovation contests with asymmetric information and identical contestants, where contestants' efforts and innate abilities generate inventions of varying qualities. The designer offers a reward to the contestant achieving the highest quality and receives the revenue generated by the...
Persistent link: https://www.econbiz.de/10010260048
their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … show that sniping in a fixed deadline auction can occur even at equilibrium in auctions with private values, as well as in … that apply the automatic extension rule. The strategic differences in the auction rules are reflected in the field data …
Persistent link: https://www.econbiz.de/10011508091
authority has a reservation price and decides to either reveal or hide it before the auction takes place. We find that when the … private reservation price scheme. Moreover, we show that‚ auction results in less slots being traded than would have been …
Persistent link: https://www.econbiz.de/10012942912
We provide evidence that culture is a source of pricing bias. In a sample of 1.9 million auction transactions in 49 …
Persistent link: https://www.econbiz.de/10012520374
their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … show that sniping in a fixed deadline auction can occur even at equilibrium in auctions with private values, as well as in … that apply the automatic extension rule. The strategic differences in the auction rules are reflected in the field data …
Persistent link: https://www.econbiz.de/10013319851
mechanisms and other market mechanisms involving auction procedures. Among the various auction mechanisms, scoring auctions and … our previous work, we explore and extend the application of the PAUSE auction mechanism with bidding based on a score … quality of the service provided. We study the application of this auction mechanism, in a gradual fashion, to the three …
Persistent link: https://www.econbiz.de/10014346821
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