Showing 121 - 130 of 44,334
If a government auctions the right to market a good, continuity is likely to be of significant importance. In a …
Persistent link: https://www.econbiz.de/10013130292
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we scan …
Persistent link: https://www.econbiz.de/10013134493
We analyze pre and post-task confidence in an experiment in which subjects bid in multi-unit common value auctions …
Persistent link: https://www.econbiz.de/10013090267
auctions. Sellers may offer price information to potential bidders through buy-now prices (BNPs) and starting prices (SPs). In …-stage process, using data collected from eBay auctions. In the first stage, sellers decide whether to set a BNP. In stage two, they …
Persistent link: https://www.econbiz.de/10013091533
This paper examines the recently deregulated Irish electricity market. We ask: given this newly imposed institutional structure, does the availability of true marginal prices for electricity products affect the price/quantity bids submitted by market participants? First, we analyse the price...
Persistent link: https://www.econbiz.de/10013153920
We develop a model which combines general risk-averse preferences with anticipated loss aversion to explain bidding behavior in the first-price auction, where both risk-aversion and loss aversion induce ‘overbidding.' We then show that the nonparametric utility function and loss aversion...
Persistent link: https://www.econbiz.de/10012843631
between auctions, is compared to the Incomplete Information Revelation Policy, where only the winning bid is revealed. The …
Persistent link: https://www.econbiz.de/10012951295
activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while … effects, the latter has the upper hand; average bids decrease monotonically over the consecutive auctions. Since repetition …
Persistent link: https://www.econbiz.de/10012907680
We study the impact of colors of paintings on prices in the art auction market and incorporate color attributes of non-figurative paintings in pricing models. A one standard deviation increase in the percentages of blue (red) hue leads to premiums of 10.63% (4.20%). We also conduct laboratory...
Persistent link: https://www.econbiz.de/10012892020
If all potential buyers participate in a first-price auction, then (theoretically) the auction price weakly exceeds the price placed by the seller under a posted-price mechanism. However, it is documented that in the online sellers prefer posted-price mechanism to auction. We aim to explain this...
Persistent link: https://www.econbiz.de/10012823441