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Persistent link: https://www.econbiz.de/10011815721
market both for oilseeds and tendering. Because of the unbalanced nature of the panel data, we are able to evaluate the …
Persistent link: https://www.econbiz.de/10009443965
Bidding competition plays an important role in price discovery and the determination of suppliers in international … grains. In this paper we analyzeinternational bidding competition for wheat for a specific importer. Tender data over the … optimal bid and to analyze factors affecting bidding behavior and competition. The tender data indicated there was a …
Persistent link: https://www.econbiz.de/10009444033
market both for oilseeds and tendering. Because of the unbalanced nature of the panel data, we are able to evaluate the …
Persistent link: https://www.econbiz.de/10005327536
We propose a simple adaptive learning model to study behavior in the call market. The laboratory environment features buyers and sellers who receive a new random value or cost in each period, so they must learn a strategy that maps these random draws into bids or asks. We focus on buyers'...
Persistent link: https://www.econbiz.de/10005711699
unrestricted pre-play communication. The second one enables bidders to restrict their bidding range and the last one gives them the …
Persistent link: https://www.econbiz.de/10005765106
We report the results of an experimental study that compares voting mechanisms in the provision of public goods. Subjects can freely decide how much they want to contribute. Whether the public good is finally provided is decided by a referendum under full information about all contributions. If...
Persistent link: https://www.econbiz.de/10005765208
market both for oilseeds and tendering. Because of the unbalanced nature of the panel data, we are able to evaluate the …
Persistent link: https://www.econbiz.de/10005798518
buyers, tendering is useful particularly if there is temporal variability in costs and they vary across supply firms, if the …Bidding competition plays an important role in price discovery and the determination of suppliers in international … grains. In this paper we analyze international bidding competition for wheat for a specific importer. Tender data over the …
Persistent link: https://www.econbiz.de/10005806170
Bidding challenges learning theories since experiences for the same bid vary stochastically: the same choice can result …
Persistent link: https://www.econbiz.de/10005588009