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Reserve price effects in auctions : estimates from multiple RD designs
Choi, Syngjoo; Nesheim, Lars; Rasul, Imran - 2010
auction outcomes. To establish causality, we exploit multiple discontinuities in the relationship between reserve prices and … vehicle characteristics to present RD estimates of reserve price effects on auction outcomes. Our first set of results show … that, in line with the robust predictions of auction theory, an increase in reserve price decreases the number of bidders …
Persistent link: https://www.econbiz.de/10008688876
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Macroeconomic News and Treasury Futures Return Volatility : Do Treasury Auctions Matter?
Smales, Lee A. - 2020
statistically significant impact on the Treasury futures market. The occurrence of an auction, which increases supply in the …
Persistent link: https://www.econbiz.de/10012849805
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Macroeconomic news and treasury futures return volatility : do treasury auctions matter?
Smales, L. A. - In: Global finance journal 48 (2021), pp. 1-30
Persistent link: https://www.econbiz.de/10012886875
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Do auctions and forced divestitures increase competition?
Soetevent, Adriaan R.; Haan, Marco; Heijnen, Pim - 2011
Where markets are insufficiently competitive, governments can intervene by auctioninglicenses to operate or by forcing divestitures. The Dutch government has doneexactly that, organizing auctions to redistribute tenancy rights for highway gasolinestations and forcing the divestiture of outlets...
Persistent link: https://www.econbiz.de/10011377389
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Do Auctions and Forced Divestitures Increase Competition? Evidence for Retail Gasoline Markets
Soetevent, Adriaan R. - 2009
Where markets are insufficiently competitive, governments can intervene by auctioning licenses to operate or by forcing divestitures. The Dutch government has done exactly that, organizing auctions to redistribute tenancy rights for high-way gasoline stations and forcing the divestiture of...
Persistent link: https://www.econbiz.de/10012720033
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The Effect of Discretion on Procurement Performance
Spagnolo, Giancarlo - 2015
through an open auction. Works below this threshold can be more easily awarded through a restricted auction, where the buyer …
Persistent link: https://www.econbiz.de/10013011864
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Do Auctions and Forced Divestitures increase Competition?
Soetevent, Adriaan R.; Haan, Marco A.; Heijnen, Pim - 2008
Where markets are insufficiently competitive, governments can intervene by auctioninglicenses to operate or by forcing divestitures. The Dutch government has doneexactly that, organizing auctions to redistribute tenancy rights for highway gasolinestations and forcing the divestiture of outlets...
Persistent link: https://www.econbiz.de/10010325890
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Emissionshandel und Anreizmechanismen: Auswirkungen verschiedener Allokationsverfahren auf Produktionsweise und Investitionsverhalten von Unternehmen
Rentz, Henning - In: Vierteljahrshefte zur Wirtschaftsforschung 76 (2007) 1, pp. 140-151
Der Emissionshandel zeigt nur dann die erwünschte Wirkung, wenn das marktgerechte CO2-Preissignal zu Veränderungen beim Angebots- und Nachfrageverhalten in der Volkswirtschaft führt. Die damit verbundenen Preiseffekte sind - obwohl im betriebswirtschaftlichen Einzelfall möglicherweise...
Persistent link: https://www.econbiz.de/10010377789
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The Marginal Profit-to-Q Ratio : Reassessing the Cash-Flow Channel
Cooper, Ilan; Maio, Paulo F.; Yang, Chunyu - 2021
We study a production-based present-value relation that implies that fluctuations in the marginal profit-to-marginal Q ratio (mq) are driven by variations in the expected growth of marginal profits (cash-flow channel), expected investment return changes (discount-rate channel), or both. We find...
Persistent link: https://www.econbiz.de/10013234295
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The Causal Impact of Macroeconomic Uncertainty on Expected Returns
Chaudhry, Aditya - 2021
I quantify the causal impact of macroeconomic uncertainty on time-varying expected returns. The exogenous timing of macroeconomic announcements provides an instrument for uncertainty. Using daily measures of macroeconomic uncertainty and expected equity market returns, I find announcements...
Persistent link: https://www.econbiz.de/10013240699