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In eBay s Buy-it-Now auctions sellers can post prices at which buyers can purchase a good prior to an auction. We study … predictions of a model by combining the real auction environment (eBay auction platform and eBay traders) with the techniques of … lab experiments. We observe that the eBay auction format supports deviations from truthful bidding leading to auction …
Persistent link: https://www.econbiz.de/10010491157
Auctions often involve goods exhibiting a common knowledge ex-post risk. Precautionary bidding predicts that under expected utility, ex-post risk leads DARA bidders to reduce their bids by more than the appropriate risk premium. Because the degree of riskiness of the good, and bidders risk...
Persistent link: https://www.econbiz.de/10010344662
an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In …
Persistent link: https://www.econbiz.de/10010342227
We study for a sample of international mergers and acquisitions the effectiveness of three takeover bidding strategies first in preventing bidder contests and second, if a contest has occurred, in increasing the probability of a successful offer. Our results indicate that support for the...
Persistent link: https://www.econbiz.de/10010487267
For a repeated procurement problem, we compare two stylized negotiating cultures which differ in how the buyer uses an entrant to exert pressure on the incumbent resembling U.S. style and Japanese style procurement. In each period, the suppliers are privately informed about their production...
Persistent link: https://www.econbiz.de/10010490631
point due to updated information about others' values (i.e., the own winning probability) during the course of the auction …, and make optimal binary decisions at each price (approve or quit in the English auction and wait or bid in the Dutch … auction). First, we solve for personal equilibrium profiles, i.e., profiles of bids that contain for each bidder a bidding …
Persistent link: https://www.econbiz.de/10010490656
issued debt. We use structural estimates of bidders private values to examine the effect of increased competition on auction … revenue. We compare bidder surplus before and after the auction. We find a small effect on the the surplus earned by bidders …
Persistent link: https://www.econbiz.de/10010338935
Persistent link: https://www.econbiz.de/10001656741
So far no general exclusive frequency licenses have been granted in Poland through an auction. In the Regulatory … Strategy until 2015, President of the Office of Electronic Commu-nications pointed to auction as a method of choosing companies … which will be granted fre-quency licenses from 800 MHz band (so called digital dividend). The auction has been sched-uled to …
Persistent link: https://www.econbiz.de/10010395688
So far no general exclusive frequency licenses have been granted in Poland through an auction. In the Regulatory … Strategy until 2015, the President of the Office of Electronic Communications pointed to auction as a method of choosing … companies which will be granted frequency licenses from 800 MHz band (so called digital dividend). Initially, the auction has …
Persistent link: https://www.econbiz.de/10010470694