, it is relevant to analyze the potential of coordinated bidding. We consider a Nordic power producer who engages in the … unknown at the time of bidding. However, in the balancing market, the market participant faces an additional risk of not being … formulate the bidding problem as a multi-stage stochastic program. We investigate whether higher risk exposure may cause …

This paper presents an equilibrium explanation for the persistence of naive bidding. Specifically, we consider a common …

and laboratory auctions to explore how the frequency of changes in the threshold price impacts consumer bidding behavior … the probability of a price change is moderate, consumers may have an incentive to use nonmonotonic bidding patterns … nonmonotonic bidding patterns. Interestingly, impatient bidders are more likely to decrease their bids at some point in the bid …

Internet-enabled markets are becoming viable venues for procurement of professional services. We investigate bidding … theoretical model that relates market characteristics to bidding and transaction behavior, taking into account costly bidding. We … 30%--40% of posted projects. In its current format, however, the studied market may induce excessive bidding by vendors …