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Understanding preferences : "demand types" and the existence of equilibrium with indivisibilities

Baldwin, Elizabeth; Klemperer, Paul - 2015

Persistent link: https://www.econbiz.de/10011385274

The scope of auctions in the presence of downstream interactions and information externalities

Koska, Onur A.; Onur, Ilke; Stähler, Frank - 2015

-cost firm under incomplete information: a separating auction implies adverse selection and relies substantially on commitment to … allocation and transfer rules. A pooling auction serves as a commitment device against ex-post opportunistic behavior and … alleviates adverse selection. It can earn the investor a higher expected payoff than a separating auction, even when consistency …

Persistent link: https://www.econbiz.de/10010496103

Private value takeover auctions with toeholds : an experimental study

Dodonova, Anna; Khoroshilov, Yuri - In: Games 12 (2021) 2, pp. 1-10

This paper presents the results of an experimental study of takeover auctions with toeholds. Consistent with the theory, we find a positive effect of toeholds on bidding. Such an effect, however, is of a lower magnitude and the bidding premium function has an opposite slope than the theory...

Persistent link: https://www.econbiz.de/10012547676

CCP auction design

Huang, Wenqian; Zhu, Haoxiang - 2021

Persistent link: https://www.econbiz.de/10012518327

The winner's curse on art markets

Kräussl, Roman; Mirgorodskaya, Elizaveta - 2020

We investigate the effect of overreaction in the fine art market. Using a unique sample of auction prices of modern …) auction pricing estimate. Based on the overreaction hypothesis, we predict that overvalued (undervalued) prints generate a …

Persistent link: https://www.econbiz.de/10012520357

Public procurement and supplier job creation : insights from auctions

Srhoj, Stjepan; Dragojević, Melko - 2021 - This draft October 4, 2021

Public procurement contracts (PPCs) of goods, services and works is about one tenth of global gross domestic product. Much research has been conducted on government spending and its aggregate effects, but evidence is scarce at the micro-level. This study exploits sealed-bid PPC auctions of...

Persistent link: https://www.econbiz.de/10012627848