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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 this dissertation, I explore bidders’ behavior in multiple auctions which are conducted sequentially or … auctions and show that the wildly-used assumption of proxy bidding is inappropriate in the multiple auction setting. The first … auctions are more likely to win and have higher payoffs than proxy bidders. The third essay studies the procurement auctions in …
Persistent link: https://www.econbiz.de/10009429272
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
With the emergence of the Internet as a global structure for communication and interaction,many “business to consumer” and “business to business” applications have migrated online,thus increasing the need for software agents that can act on behalf of people, institutions orcompanies with...
Persistent link: https://www.econbiz.de/10009455276
University of Minnesota Ph.D. dissertation. December 2009. Major: Economics. Advisor: Patrick L. Bajari. 1 computer file (PDF); vii, 98 pages, appendices A-B.
Persistent link: https://www.econbiz.de/10009462783
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