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Veciana, Ángel Hernando; Tröge, Michael - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2005

This paper studies an auction model in which one of the bidders, the insider, has better information about a common component of the value of the good for sale, than the other bidders, the outsiders. Our main result shows that the insider may have incentives to disclose her private information...

Persistent link: https://www.econbiz.de/10005731219

The Insider's Curse

Hernando-Veciana, Angel; Tröge, Michael - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005561808

On seller estimates and buyer returns

Gershkov, Alex; Toxvaerd, Flavio - 2006

This paper revisits recent empirical research on buyer credulity in arts auctions and auctions for assets in general …

Persistent link: https://www.econbiz.de/10010365885

Risk, reward and uncertainty in buyer-seller transactions : the seller's view on combining posted prices and auctions

Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2023

In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature … of view. Buy-It-Now auctions are complex mechanisms and therefore quite challenging for sellers. The paper discusses the …-It-Now auctions. …

Persistent link: https://www.econbiz.de/10014477420

Informational hold up and intermediaries

Utgoff, Naomi - In: Games 13 (2022) 5, pp. 1-14

Why do some incomplete information markets feature intermediaries while others do not? I study the allocation of two goods in an incomplete information setting with a single principal, multiple agents with unit demand, and interdependent valuations. I construct a novel dynamic mechanism...

Persistent link: https://www.econbiz.de/10014418049

Optimal procurement and outsourcing of production in small industries : conference paper

Rosar, Frank - 2013 - This version: February 5, 2013

I study the interaction between optimal procurement and outsourcing of production in small industries. First, two sellers decide about outsourcing. By outsourcing, a seller loses information about the costs of producing to his supplier. Then the buyer designs the procurement mechanism and...

Persistent link: https://www.econbiz.de/10010340964

Negotiating cultures in corporate procurement : conference paper

Rosar, Frank; Müller, Florian - 2014 - (This version: February 5, 2014)

For a repeated procurement problem, we compare two stylized negotiating cultures which differ in how the buyer uses an entrant to exert pressure on the incumbent resembling U.S. style and Japanese style procurement. In each period, the suppliers are privately informed about their production...

Persistent link: https://www.econbiz.de/10010490631

Asymmetric information in auctions : are resellers better appraisers?

Koptyug, Nikita - 2016

This paper shows that in online car auctions, resellers are better at appraising the value of the cars they are bidding … on than are consumers. Using a unique data set of online car auctions, I show that differences in bidding behavior … information, one in which consumers are subsidized and one in which consumers are allowed into all-reseller auctions. Finally, I …

Persistent link: https://www.econbiz.de/10011430656

Mergers in bidding markets

Janssen, Maarten C. W.; Karamychev, Vladimir A. - 2013

Persistent link: https://www.econbiz.de/10009724097

Common value allocation mechanisms with private information : lotteries or auctions?

Matros, Alexander; Possajennikov, Alexandre - 2014

; and rst-price, second-price, and all-pay auctions. Second, we establish revenue equivalence of these auction mechanisms in … auctions. Finally, we identify an optimal mechanism and its implementation by means of reserve prices in lottery and auction …

Persistent link: https://www.econbiz.de/10010360354

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