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We study the impact of crossholdings on the efficiency of the standard auction formats. The ascending auction is not …
Persistent link: https://www.econbiz.de/10010861510
We study the impact of crossholdings on the efficiency of the standard auction formats. The ascending auction is not …
Persistent link: https://www.econbiz.de/10010898518
because it is prone to rushes, i.e., all active bidders quitting simultaneously, that undermine its efficiency. Our second …
Persistent link: https://www.econbiz.de/10011855888
This paper analyses strategic market allocation by two auctioneers holding substitutes. It characterizes both the cooperative and competitive outcomes. Under cooperation or competition with close substitutes, bidders are allocated according to the expected total surplus each generates. This...
Persistent link: https://www.econbiz.de/10010293857
There is by now a large literature arguing that auctions with a variety of after-market interactions may not yield an … auctioneer. We show that auctions with flexible entry fees have a fully revealing equilibrium where bidders signal their type …
Persistent link: https://www.econbiz.de/10010325827
because it is prone to rushes, i.e., all active bidders quitting simultaneously, that undermine its efficiency. Our second …
Persistent link: https://www.econbiz.de/10012010027
that never yield an efficient allocation. Moreover, our results extend the efficiency of auction mechanisms to an …
Persistent link: https://www.econbiz.de/10010261761
generalized second price auctions. However, such an auction or mechanism could be considered unfair if similar consumers are … consistently shown different ads or consistently receive different payoffs. Results show that such ascending bid auctions may … assignment can improve fairness while improving efficiency in some circumstances. …
Persistent link: https://www.econbiz.de/10013200098
the sealed bid mechanism performs weakly better in all of investigated measures (consistent reporting, efficiency etc …
Persistent link: https://www.econbiz.de/10013208562
the sealed bid mechanism performs weakly better in all of investigated measures (consistent reporting, efficiency etc …
Persistent link: https://www.econbiz.de/10010320367