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Internet auctions attract numerous agents, but only a few become active bidders. A major difficulty in the structural analysis of internet auctions is that the number of potential bidders is unknown. Under the independent private value paradigm (IPVP)the valuations of the active bidders form a...
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intrinsic spectrum values from winning auction bids. Our analysis includes 15 auctions and close to 7,200 observations. We add … two components to previous literature on this topic. First, we control for license and block specific auction rules … winning bids. Additionally, auction results confirm that the relative value of higher frequency spectrum is increasing over …
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This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland … to import some keyingredients of the auction design employed in Germany and Austria. This would have assured higher …
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We study uniform price auctions using a dataset which includes individual bidders' demand schedules in Finnish Treasury auctions during the period 1992-99. Average underpricing amounts to .041% of face value. Theory suggests that underpricing may result from monopsonistic market power. We...
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auction. This effect appears not to be driven by i) differences in observable characteristics; ii) differences in real estate …
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