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Semi-Public Competitions
Prüfer, Jens - 2010
The process of innovation is driven by two main factors: new inventions and institutions supporting the transformation of inventions into marketable innovations. This paper proposes a new institution, called a semi-public competition, that has been neglected by the economic literature but exists...
Persistent link: https://www.econbiz.de/10010270213
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The Doping Threshold in Sport Contests: An Auction-based Approach
Müller, Daniel - 2010
We analyze the infuence of the number of competitors, the costs of doping and the distribution of talents on the doping behavior. In an n-player strategic game modelled as an all-pay auction, the players have private information about their talent and the amount of doping. The main finding of...
Persistent link: https://www.econbiz.de/10010270749
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A dynamic auction for multi-object procurement under a hard budget constraint
Giebe, Thomas; Ensthaler, Ludwig - 2010
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by observable quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal...
Persistent link: https://www.econbiz.de/10010273637
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An Experimental Test of Precautionary Bidding
Pahlke, Julius; Kocher, Martin; Trautmann, Stefan T. - 2010
Auctions often involve goods exhibiting a common knowledge ex-post risk that is independent of buyers' private values … bidding with data from the field seems almost impossible. We conduct experimental first-price auctions that allow us to …
Persistent link: https://www.econbiz.de/10010276866
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Second-Chance Offers and Buyer Reputation: Theory and Evidence on Auctions with Default
Engelmann, Dirk; Koch, Alexander K.; Frank, Jeff; … - 2020
Winning bidders in online auctions frequently fail to complete the transaction. Because enforcing bids usually is too … else equal, the availability of second-chance offers reduces amounts bid in auctions where there is a probability that a … to the idea of creating a deterrent against such behavior. Actual bidding in experimental auctions support these …
Persistent link: https://www.econbiz.de/10012287929