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In an auction with a buy price, the seller provides bidders with an option to end the auction early by accepting a … transaction at a posted price. The "Buy-It-Now" option on eBay is a leading example of an auction with a buy price. This paper … develops a model of an auction with a buy price in which bidders use the auction's reserve price and buy price to formulate a …
Persistent link: https://www.econbiz.de/10009430058
Frequent criticism in dynamic decision making research pertains to the overly complex nature of the decision tasks used in experimentation. To address such concerns we study dynamic decision making with respect to the simple race game Hog, which has a computable optimal decision strategy. In the...
Persistent link: https://www.econbiz.de/10009458721
77 auction sites. Because of the company-wide implications of these analyses, the group will reprise its report at the …
Persistent link: https://www.econbiz.de/10009475804
This paper confronts the tractability problems that accompany IPV auction models with multi-unit bidder demands …
Persistent link: https://www.econbiz.de/10009458995
This paper studies the evolutionary stability of the unique Nash equilibrium of a first price sealed bid auction. It is …
Persistent link: https://www.econbiz.de/10009452572
Classical auction theory relies heavily on the assumption of perfectly rational bidders that play according to their …
Persistent link: https://www.econbiz.de/10009428992
strategies beforehand. However, finding closed-form solutions to various sequential auction games is challenging. Current … optimal bids for players in different sequential auction games will be useful in solving these complex economic problems …
Persistent link: https://www.econbiz.de/10009431203
This study examines the market entry practices of Australian and Pakistani Information and Communication Technology (ICT) firms and the proposition that Local Software Economy (LSE) maturity affects the selection of market entry practices. The question is significant as it is focused on an...
Persistent link: https://www.econbiz.de/10009475210
Purpose ? The choice of an international market entry mode involves two critical considerations, leveraging internal competencies and managing environmental uncertainties in host countries. The purpose of the paper is to explicate how these two considerations affect the propensity to collaborate...
Persistent link: https://www.econbiz.de/10009484547
Entre su Unificación y la Primera Guerra Mundial, la cambiante composición de las exportaciones de Italia reflejó su transformación económica. En este artículo, descompongo el crecimiento de las exportaciones italianas en sus márgenes y luego analizo los determinantes de las exportaciones...
Persistent link: https://www.econbiz.de/10012525074