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Pérez-Castrillo, J. David; Wettstein, David - 2014

We study innovation contests with asymmetric information and identical contestants, where contestants' efforts and … payoffs for both nondiscriminatory and discriminatory (where the reward is contestant-dependent) contests. We derive …

Persistent link: https://www.econbiz.de/10010260048

What induces firms to license foreign technologies? : international survey evidence

Dohse, Dirk; Goel, Rajeev K.; Nelson, Michael A. - 2018

The paper provides firm-level insights into the drivers of foreign technology licensing from the perspective of the … and those situated in the nations’ main business city. Greater literacy facilitated foreign technology licensing, while … institutions like greater economic freedom aided technology licensing, while others like strong patent protection were not found to …

Persistent link: https://www.econbiz.de/10011789274

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

How government procurement measures can affect trade

Gourdon, Julien; Messent, James - 2017

A number of countries used discriminatory government procurement policies as part of stimulus packages designed to alleviate the effects of the global economic crisis. This paper collates and updates the evidence related to the size of procurement markets, the level of home bias they exhibit,...

Persistent link: https://www.econbiz.de/10011695353

Weltweiter Patentschutz für pharmazeutische Innovationen : gibt es sozialverträgliche Alternativen?

Stolpe, Michael - 2001

This paper discusses alternative incentive mechanisms for encouraging pharmaceutical innovations that support global health policy priorities. Patent buyouts, in which a public fund pays a mark-up on private valuations from sealed-bid second-price auctions, would boost the efficiency of research...

Persistent link: https://www.econbiz.de/10011490432

Does it pay to invest in art? : a selection-corrected returns perspective

Korteweg, Arthur; Kräussl, Roman; Verwijmeren, Patrick - 2013

This paper shows the importance of correcting for sample selection when investing in illiquid assets with endogenous trading. Using a large sample of 20,538 paintings that were sold repeatedly at auction between 1972 and 2010, we find that paintings with higher price appreciation are more likely...

Persistent link: https://www.econbiz.de/10010201316

Last minute feedback

Klein, Tobias J.; Lambertz, Christian; Spagnolo, Giancarlo - 2006

Feedback mechanisms that allow partners to rate each other after a transaction are considered crucial for the success of anonymous internet trading platforms. We document an asymmetry in the feedback behavior on eBay, propose an explanation based on the micro structure of the feedback mechanism...

Persistent link: https://www.econbiz.de/10010366534

Determinants and effects of reserve prices in Hattrick auctions

Englmaier, Florian; Schmöller, Arno Robin - 2010

We use a unique hand collected data set of 6,258 auctions from the online football manager game Hattrick to study determinants and effects of reserve prices. We find that chosen reserve prices exhibit both very sophisticated and suboptimal behavior by the sellers. On the one hand, reserve prices...

Persistent link: https://www.econbiz.de/10008822082

Innovation Contests with Entry Auction

Giebe, Thomas - 2014

We consider innovation contests for the procurement of an innovation under moral hazard and adverse selection …

Persistent link: https://www.econbiz.de/10014197603

Market-Based Allocation of Airport Slots : The PAUSE Auction Mechanism and Extensions

Cardadeiro, Eduardo; Gata, Joao E - 2023

During the recent past, passenger air transport has been recovering from its significant retraction during the Covid-19 pandemic. If the recent significant drop in air traffic due to the pandemic acted as an external mitigating factor to airport traffic congestion in several major airports...

Persistent link: https://www.econbiz.de/10014346821

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