Showing 61 - 70 of 12,092
We consider a Green Public Procurement setting where the procurer provides a bid discount to environment-friendly technologies to foster their use. We assume that, before the auction, firms may switch to green technology via a publicly observable costly investment. We show that investment acts...
Persistent link: https://www.econbiz.de/10012671868
If bidders are uncertain whether the auctioneer sticks to the announced reserve, some bidders respond by not bidding, speculating that the auctioneer may revoke the reserve. However, the reserve inadvertently signals the auctioneer's type, which drives a unique separating and a multitude of...
Persistent link: https://www.econbiz.de/10009781360
In the 19 th century, auctions became a widespread form of transaction for real estate in England. Contemporaries … formal and informal rules of the auction trade for real estate and argues that 19 th century real estate auctions did not …
Persistent link: https://www.econbiz.de/10013262919
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/10012438089
analyzes the bids and determines the winner. Many privacy preserving computation protocols for auctions have been proposed … this work, we propose efficient protocols for both first and second price sealed bid auctions with fairness against …
Persistent link: https://www.econbiz.de/10012440385
We study when equilibrium prices can aggregate information in an auction market with a large population of traders. Our main result identifies a property of information---the betweenness property---that is both necessary and sufficient for information aggregation. The characterization provides...
Persistent link: https://www.econbiz.de/10012415617
underperforms in terms of efficiency relative to the winner-pay auctions. …
Persistent link: https://www.econbiz.de/10012500904
Internet auctions, such as those on eBay, are known for multiple bidding and sniping. Buyers send bids in the closing … both sniping and multiple bidding. By submitting multiple bids, buyers co-ordinate between auctions, so that all objects …
Persistent link: https://www.econbiz.de/10011599306
We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U ….S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more … extends the theory of private value auctions with heterogeneous bidders to capture participation decisions, that can account …
Persistent link: https://www.econbiz.de/10011607074
This paper studies multi-attribute auctions in which a buyer seeks to procure a complex good and evaluate offers using … kinds of results. First, we characterize the set of equilibria in quasi-linear scoring auctions with multi-dimensional types …. In particular, we show that there exists a mapping between the class of equilibria in these scoring auctions and those in …
Persistent link: https://www.econbiz.de/10011607201