Showing 51 - 60 of 76
Persistent link: https://www.econbiz.de/10011306048
Persistent link: https://www.econbiz.de/10011627005
Persistent link: https://www.econbiz.de/10011572596
Persistent link: https://www.econbiz.de/10011811510
Persistent link: https://www.econbiz.de/10011557674
Persistent link: https://www.econbiz.de/10012302620
In this paper, we analyse a multistage game of competition among auctioneers. In a first stage, auctioneers commit to some publicly announced reserve prices, and in a second stage, bidders choose to participate in one of the auctions. We prove existence of Nash equilibria in mixed strategies for...
Persistent link: https://www.econbiz.de/10014134658
This paper provides some striking results that arise in the unique symmetric equilibrium of common value multiunit auctions in which some bidders are better informed than others. We show that bidders with worse information can do surprisingly well: They can win with higher probability than...
Persistent link: https://www.econbiz.de/10014134782
This paper studies the incentives of a bidder to acquire information in an auction when her information acquisition decision is observed by the other bidders before bidding. Our results show that the sealed bid (second price) auction may induce more information acquisition about a common...
Persistent link: https://www.econbiz.de/10005413881
We develop a model of bidding markets with financial constraints à la Che and Gale [15] in which two firms choose their budgets optimally and we extend it to a dynamic setting over an infinite horizon. We provide three main results for the case in which the exogenous cash-flow is not too large...
Persistent link: https://www.econbiz.de/10011189763