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In innovation contests, the progress of the competing firms in the innovation process is usually their private information. We analyze an innovation contest in which research firms have a stochastic technology to develop innovations at a fixed cost, but their progress is publicly announced. We...
Persistent link: https://www.econbiz.de/10010293366
It is commonly assumed in private value auctions that bidders have no information about the realization of the other bidders' valuations. Nevertheless, an informative public signal about the realization may be released by a bidder while he learns his own valuation. Using a simple discrete...
Persistent link: https://www.econbiz.de/10010293376
Inmulti-attribute procurement auctions with multipleobjects, the auctioneer may care about the interplay of quality attributes that do not belong to the same item - like each item's delivery time, if all items are needed at once. This can influence theperformance of the auction mechanism. We...
Persistent link: https://www.econbiz.de/10003850664
In innovation contests, the progress of the competing firms in the innovation process is usually their private information. We analyze an innovation contest in which research firms have a stochastic technology to develop innovations at a fixed cost, but their progress is publicly announced. We...
Persistent link: https://www.econbiz.de/10008986738
Persistent link: https://www.econbiz.de/10009525636
It is commonly assumed in private value auctions that bidders have no information about the realization of the other bidders’ valuations. Nevertheless, an informative public signal about the realization may be released by a bidder while he learns his own valuation. Using a simple discrete...
Persistent link: https://www.econbiz.de/10009124829
In multi-attribute procurement auctions with multiple objects, the auctioneer may care about the interplay of quality attributes that do not belong to the same item -- like each item's delivery time, if all items are needed at once. This can influence the performance of the auction mechanism. We...
Persistent link: https://www.econbiz.de/10014205792
In multi-attribute procurement auctions with multiple objects, the auctioneer may care about the interplay of quality attributes that do not belong to the same item – like each item’s delivery time, if all items are needed at once. This can in?uence the performance of the auction mechanism....
Persistent link: https://www.econbiz.de/10010735013
It is commonly assumed in private value auctions that bidders have no information about the realization of the other bidders' valuations. Nevertheless, an informative public signal about the realization may be released by a bidder while he learns his own valuation. Using a simple discrete...
Persistent link: https://www.econbiz.de/10008676565
In innovation contests, the progress of the competing firms in the innovation process is usually their private information. We analyze an innovation contest in which research firms have a stochastic technology to develop innovations at a fixed cost, but their progress is publicly announced. We...
Persistent link: https://www.econbiz.de/10008676566