Showing 1 - 10 of 115
This dissertation consists of three essays that apply both economic theory and econometric methods to understand design and dynamics of institutions. In particular, it studies how institutions aggregate information and deal with uncertainty and attempts to derive implications for optimal...
Persistent link: https://www.econbiz.de/10009429384
In verteilten Rechensystemen (bspw. im Cluster und Grid Computing) kann eine Knappheit der zur Verfügung stehenden Ressourcen auftreten. Hier haben Marktmechanismen das Potenzial, Ressourcenbedarf und -angebot durch geeignete Anreizmechanismen zu koordinieren und somit die ökonomische...
Persistent link: https://www.econbiz.de/10009434657
CommunicationsCommission spectrum license auctions in the early nineties and continues to this day.In a setting in which goods are not …
Persistent link: https://www.econbiz.de/10009465017
This dissertation, which consists of three essays, studies online auctions boththeoretically and empirically.The first … essay studies a special online auction format used by eBay, “Buy-It-Now” (BIN) auctions, in which bidders are allowed to buy … explain the high frequency of bidders accepting BIN price, and may alsohelp explain the popularity of temporary BIN auctions …
Persistent link: https://www.econbiz.de/10009465115
In common-value auctions and contests economic agents often havevarying levels of information regarding the value of … informationin first-price, sealed-bid, common-value auctions. Bidders who observe a private signal tend to overbid relative to Nash … asymmetric information in one-shot common-valueall-pay auctions and lottery contests from both experimental and …
Persistent link: https://www.econbiz.de/10009465240
discussion about the obtained results at the end. The first part provides a literature review on auctions and analyzes bidders …' behavior in Austrian cattle auctions. The aim is to investigate whether there are differences among bidders and whether bidders …
Persistent link: https://www.econbiz.de/10009467021
While there is an ever increasing adoption of e-sourcing, where a buyer auctions off procurement contracts to a small …, focusing on recurring auctions, we find that suppliers bid adaptively. The adaptive bidding is affected by the rank of … auctions, while non-incumbent winner's quality is lower. These findings imply that the main value of online procurement …
Persistent link: https://www.econbiz.de/10009475951
(Roscas) in an agricultural south-Indian village are used for an analysis of Rosca auctions. We develop a simple SIPV Rosca …-auction model. We show that, in contrast to standard SIPV English auctions, bidders overbid relative to their maximum willingness to …
Persistent link: https://www.econbiz.de/10009476244
Auctions are an ancient economic institution. Since Vickrey (1961), the development of auction theory has lead to an … explaining their enduring popularity. Given the pervasiveness of auctions, the question of how a seller should engineer the rules …
Persistent link: https://www.econbiz.de/10009480046
This dissertation examines two problems that may arise in matching problems.The first two chapters deal with auctions … inlabor markets.Auctions can lead to efficient allocations in a wide class of assignment problems.In the presence of …
Persistent link: https://www.econbiz.de/10009450582