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Even though auctions are capturing an increasing share of commerce, they are typically treated in the theoretical … single buyer facing multiple sellers. In this paper, we review the state of the art of competition between auctions. We … consider three different types of competition: competition between auctions, competition between formats, and competition …
Persistent link: https://www.econbiz.de/10005196898
' behavior in auctions. We also highlight specific research streams that could contribute towards enriching existing economic … models of bidding behavior in emerging market mechanisms. Copyright Springer Science + Business Media, Inc. 2005 …
Persistent link: https://www.econbiz.de/10005716478
In many auctions, a good match between the bidder and seller raises the value of the contract for both parties although …
Persistent link: https://www.econbiz.de/10008490104
After the close of an auction, the winning bidder may find that he is unable to carry out his bid offer. This paper seeks to determine what measures the seller should take to maximize his share of the surplus when bidders are privately informed about their risk of default. Special attention is...
Persistent link: https://www.econbiz.de/10008532158
In many auctions, matching between the bidder and seller raises the value of the contract for both parties. However …
Persistent link: https://www.econbiz.de/10008532170
Persistent link: https://www.econbiz.de/10008533961
I suggest explanations for the apparently puzzling bidding in the year 2000 British and German 3G telecom auctions …. This paper bundles my comments on two papers presented at the December 2001 CES Ifo conference on the telecom auctions …. (For those readers new to the subject, I recommend first reading ‘How (Not) to Run Auctions: the European 3G Telecom …
Persistent link: https://www.econbiz.de/10005123523
‘intervention against pernicious market power is unnecessary’, in markets characterized by auctions or bidding processes …. Furthermore we argue that the term ‘bidding market’ as it is widely used in antitrust is unhelpful or misleading. Auctions and …The existence of a ‘bidding market’ is commonly cited as a reason to tolerate the creation or maintenance of highly …
Persistent link: https://www.econbiz.de/10005126056
, look like auctions. We also discuss some more obvious applications, especially to industrial organization. …
Persistent link: https://www.econbiz.de/10005135125
picking selectively – an advanced undergraduate or MBA course on auctions and auction design. Part A introduces the basic … superficially unconnected with auctions. Part C discusses practical auction design. Part D describes the one-hundred-billion dollar … 3G mobile-phone license auctions. None of the writing is technical, except in the Appendices. The material was presented …
Persistent link: https://www.econbiz.de/10005687546