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evolutionary learning in repeated auctions - bidders' strategies are influenced by the outcome of the past rounds in the game … outcome of learning in auctions. On the other hand it uses computational simulation. The simulation is first checked against …. The main result of the Thesis is the instability of the NE in first price auctions, third and higher price auctions and …
Persistent link: https://www.econbiz.de/10009428992
Several major websites offer hybrid auctions that allow advertisers tobid on a per-impression or a per-click basis. We … auctions, and (c) should consider advertisers'strategic incentives when forming click-through rate expectations inhybrid …
Persistent link: https://www.econbiz.de/10009435135
auctions. In this paper we examine this tradeoff between the auctioneers’ desire to expand their customer base and the bidders …
Persistent link: https://www.econbiz.de/10009441154
evaluated on the basis of a scoring metric – a benefit cost ratio. The ecological effectiveness and economic efficiency of the … about the spatial goal as the treatment variable. Analysis indicates that the information reduces the cost-efficiency of the … auction. Experience with bidding also has a negative impact on auction efficiency. The study also provides an analysis of the …
Persistent link: https://www.econbiz.de/10009442289
face-to-face auctions than at comparable Internet auctions. The comparison overcomes adverse selection issues that commonly … dates between online and offline auctions. Furthermore, both auctions feature ascending price formats with ‘soft …. The results suggest that the higher prices and net revenues from traditional auctions are attributable to remaining …
Persistent link: https://www.econbiz.de/10009442785
We study the competition to operate an infrastructure service bydeveloping a model where firms must report a two-dimensional sealedbid: the price to consumers and the concession fee paid to the government. Two bidding rules are considered in this paper. One ruleconsists of awarding the...
Persistent link: https://www.econbiz.de/10009443213
Buying environmental services from private landholders using tendering mechanisms are usuallysubject to a budget constraint. Auction theory has mostly focused on target-constrained auctionsand is not well developed for this type of auction. This paper examines the predictive capacity of asimple...
Persistent link: https://www.econbiz.de/10009444621
empirical evidence from auctions of TRQs in Switzerland that the observed auction prices are below the equivalent tariffs. This … by the new tariff. As a consequence, a country which replaces TRQs by single tariffs through auctions, in so doing, has … already reduced tariffs to some extent. Finally, it is important that auctions are competitive and collusion among bidders can …
Persistent link: https://www.econbiz.de/10009444823
Policy makers aiming to get private landholders to provide non-marketed environmental services need to provide efficient economic incentives. Two ideas have been explored to achieve this: linking contract payments to environmental outcomes and putting the contracts up for tender. This paper...
Persistent link: https://www.econbiz.de/10009446039
This paper explores two ideas to enhance the performance of agri-environmental contracting schemes: linking contract payments to environmental outcomes and putting the contracts up for tender. This paper investigates whether there are any gains to be had by combining the benefits of both...
Persistent link: https://www.econbiz.de/10009446183