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Late and multiple bidding in second price Internet auctions : theory and evidence concerning different rules for ending an auction
Ockenfels, Axel; Roth, Alvin E. - 2003
In second price internet auctions with a fixed end time, such as those on eBay, many bidders snipe , i.e., they submit their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that are automatically extended if a bid is submitted very...
Persistent link: https://www.econbiz.de/10011508091
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Late and Multiple Bidding in Second Price Internet Auctions : Theory and Evidence Concerning Different Rules for Ending an Auction
Ockenfels, Axel; Roth, Alvin E. - 2021
In second price internet auctions with a fixed end time, such as those on eBay, many bidders "snipe", i.e., they submit their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that are automatically extended if a bid is submitted very...
Persistent link: https://www.econbiz.de/10013319851
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Virtual competition : the promise and perils of the algorithm-driven economy
Ezrachi, Ariel; Stucke, Maurice E. - 2016
convenient are also changing the nature of market competition, and not always for the better. Computers colluding is one danger … reality is already shifting power into the hands of the few. Ezrachi and Stucke explore the resulting risks to competition … data and big analytics -- Light touch antitrust -- Looking beyond the facade of competition -- Part II. The collusion …
Persistent link: https://www.econbiz.de/10011483140
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Innovation Contests with Entry Auction
Giebe, Thomas - 2014
We consider innovation contests for the procurement of an innovation under moral hazard and adverse selection. Innovators have private information about their abilities, and choose unobservable effort in order to produce innovations of random quality. Innovation quality is not contractible. We...
Persistent link: https://www.econbiz.de/10014197603
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Privatization, competition, and best practices for telecom sector reform
Katz, Raul L.; Kende, Michael; Rossotto, Carlo; Jung, Juan - 2023
introduction of competition and improved quality of regulations, which together condition the speed of technology migration, the …
Persistent link: https://www.econbiz.de/10014346219
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Patent Prospect Theory and Competitive Innovation
Hovenkamp, Erik - 2016
-grant competition will diminish such efforts. This is just a special case of the more general claim that a market will be more … asserts that this post-grant market should involve little or no competition, and infers from this that patents should be broad …. However, economists have long debated the relationship between competition and innovation. A leading view among contemporary …
Persistent link: https://www.econbiz.de/10014127918
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Credit Rating Agencies and Regulatory Reform
Darbellay, Aline - 2012
This paper, a chapter in the forthcoming Research Handbook on the Economics of Corporate law, describes the leading research related to credit ratings, and assesses regulatory proposals related to ratings, including those in the Dodd-Frank Act of 2010. It explains how rating agencies have...
Persistent link: https://www.econbiz.de/10013107567
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The Economics of the World Iron and Steel Industry : 1950-1980
de Medeiros, Otavio Ribeiro - 2006
This paper presents an analysis of the world iron and steel industry from 1950 to 1980. After presenting a technical overview describing the technological possesses in use during that period by the steel, the iron ore and the ferrous scrap industries, we describe and analyse, on economic...
Persistent link: https://www.econbiz.de/10014060280
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Late and multiple bidding in second price internet auctions : theory and evidence concerning different rules for ending an auction
Ockenfels, Axel; Roth, Alvin E. - In: Games and economic behavior 55 (2006) 2, pp. 297-320
Persistent link: https://www.econbiz.de/10003327694
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Elektronische Ausschreibungen in der Beschaffung : Referenzprozeßmodell und prototypische Realisierung
Buchwalter, Jana - 2001
Persistent link: https://www.econbiz.de/10001629308