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We study auctions in which the number of potential bidders is large, such as in Internet auctions. With numerous … Internet auctions. …
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lottery ticket.li one license is auctioned, auctions select the firm that is least risk averse.This is what we call the risk …
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Politicians expect green public procurement (GPP) to serve as an environmental policy instrument. However, in order for GPP to work as an effective policy instrument, it is important to take into consideration potential suppliers' decisions to participate in the procurement process, the total...
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behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …
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