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Collusion in Beauty Contests
Wambach, Achim - CESifo - 2002
During the recent sales of UMTS licenses in Europe some countries used auctions while others resorted to so … argument why beauty contests or negotiations might be dominated by auctions, which is closely linked to the multi …
Persistent link: https://www.econbiz.de/10005051542
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Collusion in beauty contests
Wambach, Achim - 2002
During the recent sales of UMTS licenses in Europe some countries used auctions while others resorted to so … argument why beauty contests or negotiations might be dominated by auctions, which is closely linked to the multi …
Persistent link: https://www.econbiz.de/10011409963
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The effects of spectrum allocation mechanisms on market outcomes : auctions vs beauty contests
Kuroda, Toshifumi; Baquero Forero, Maria del Pilar - In: Telecommunications policy : the international journal … 41 (2017) 5/6, pp. 341-354
Persistent link: https://www.econbiz.de/10011876985
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Designing Auctions in R&D: Optimal Licensing of an Innovation
Brocas, Isabelle - In: Topics in Economic Analysis & Policy 6 (2006) 1, pp. 1533-1533
obtained, auctions licenses to a pool of producers. Each producer has a private valuation for the license and suffers a … negative externality when a competitor becomes a licensee. We compare the optimal rule for the allocation of licenses and the … inefficiencies: an excessively high price for licenses and a suboptimal dissemination of knowledge, and an excessively low research …
Persistent link: https://www.econbiz.de/10005751302
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Designing Auctions in R&D: Optimal Licensing of an Innovation
Brocas, Isabelle - In: Topics in Economic Analysis & Policy 6 (2006) 1
innovation is obtained, auctions licenses to a pool of producers. Each producer has a private valuation for the license and … licenses and the level of research effort implemented by the innovator in two scenarios: free licensing by the innovator vs … of inefficiencies: an excessively high price for licenses and a suboptimal dissemination of knowledge, and an excessively …
Persistent link: https://www.econbiz.de/10014587578
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Limited liability and high bids in English auctions
Wang, T'ao; Wang, Ruqu - In: The B.E. journal of theoretical economics 18 (2018) 2, pp. 1-12
Persistent link: https://www.econbiz.de/10011898289
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An Analysis of Market-Based and Statutory Limited Liability in Second Price Auctions
Saral, Krista Jabs - Volkswirtschaftliche Fakultät, … - 2009
In auctions where bidders are uncertain of their value and are fully liable for their bids, there exists the potential …
Persistent link: https://www.econbiz.de/10008645124
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Auctions with limited liability through default or resale
Pagnozzi, Marco; Saral, Krista Jabs - In: Journal of economic behavior & organization : JEBO 159 (2019), pp. 51-74
Persistent link: https://www.econbiz.de/10012138710
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Contract design with limited liability
Quintero, José E. - 2002
Persistent link: https://www.econbiz.de/10003629341
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The Collective Wisdom of Beauty Contests
Martimort, David; Stole, Lars - Volkswirtschaftliche Fakultät, … - 2011
This note uses techniques developed for aggregate games to characterize the set of equilib- ria for a beauty contest or prediction game in which the experts’ preferences are quadratic, but with an otherwise unrestricted information structure for private signals and the state variable. We show...
Persistent link: https://www.econbiz.de/10009251559