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Licensing a common value innovation when signaling strength may backfire
Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2010
of combining auctions and royalty contracts for losers. …
Persistent link: https://www.econbiz.de/10003935649
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A dynamic auction for multiobject procurement under a hard budget constraint
Ensthaler, Ludwig; Giebe, Thomas - 2010
Persistent link: https://www.econbiz.de/10003950454
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Optimal use of rewards as commitment device when bidding is costly
Hu, Luke - 2012
This paper considers procurement auctions with costly bidding when the auctioneer is unable to commit himself to …
Persistent link: https://www.econbiz.de/10009571029
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Security bid auctions for agency contracts
Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2012
A principal uses security bid auctions to award an incentive contract to one among several agents, in the presence of … auctions, although it cannot extract the entire surplus implement efficient effort. Hence, profit sharing emerges without risk …
Persistent link: https://www.econbiz.de/10009571056
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Low price equilibrium in multi-unit auctions : the GSM spectrum auction in Germany
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001
market conditions, and provides a theoretical explanation of low price equilibria in simultaneous, ascending-bid auctions …
Persistent link: https://www.econbiz.de/10011399147
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The Swiss UMTS spectrum auction flop : bad luck or bad design
Wolfstetter, Elmar - 2001
introduced in England and adopted in Switzerland and elsewhere is a cause of the disappointing performance of many UMTS auctions … revenue or more competition. The paper closes with several proposals on how one should conduct future spectrum auctions. …
Persistent link: https://www.econbiz.de/10011399586
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The third generation (UMTS) spectrum auction in Germany
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001
competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and …
Persistent link: https://www.econbiz.de/10011400807
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Demand reduction and preemptive bidding in multi-unit license auctions
Goeree, Jacob K.; Offerman, Theo; Sloof, Randolph - 2004
Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the …
Persistent link: https://www.econbiz.de/10011342575
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Vor- und Nachteile alternativer Allokationsmechanismen für das 900- und 1800-MHz- Frequenzspektrum
Haucap, Justus; Heimeshoff, Ulrich - 2013
Der vorliegende Beitrag analysiert die Vor- und Nachteile alternativer Allokationsmechanismen für das 900- und 1800-MHz-Frequenzspektrum, dessen Nutzungsrechte Ende 2016 auslaufen. Im Wesentlichen bestehen zwei Optionen. Zum einen die Möglichkeit der Verlängerung der aktuellen Nutzungsrechte,...
Persistent link: https://www.econbiz.de/10009720214
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Auctions with imperfect commitment when the reserve may serve as a signal
Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar G. - 2014
If bidders are uncertain whether the auctioneer sticks to the announced reserve, some bidders respond by strategic non-participation, speculating that the auctioneer may revoke the reserve. However, the reserve inadvertently signals the auctioneer's type, which drives a unique separating and a...
Persistent link: https://www.econbiz.de/10010231626