seller values. Our estimates indicate equal bargaining power in negotiations, that auctions mostly reflect buyers' values and …How homes sell matters for housing price dynamics. Auction prices forecast better, display less momentum and help … shocks to prices differently and, in light of auction and bargaining theories, suggest price momentum originates in sluggish …

Buyer-seller networks where price is determined by an ascending-bid auction are important in many economic examples … sellers are better off not participating in the auction. We consider what happens if sellers can make a take it or leave it … offer to one of their linked buyers before the auction takes place and thus such a seller can choose not to participate in …

We examine the method by which firms are sold, auctions or one-on-one negotiations. We define and describe a subset of … transactions that result from auction failure (i.e., target-attempted auctions that secure only one bidder). Controlling for … and higher acquirer returns compared with both successful auctions and pure negotiations (negotiations with only one …

identify conditions under which the upstream supplier chooses exclusive or non-exclusive negotiations, or an English auction to …-exclusive negotiations with the downstream firm(s). Finally, in contrast to previous findings, an auction is never welfare superior to … negotiations …

identify conditions under which the upstream supplier chooses exclusive or non-exclusive negotiations, or an English auction to …-exclusive negotiations with the downstream firm(s). Finally, in contrast to previous findings, an auction is never welfare superior to … negotiations. …

The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more … competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and … presents a game theoretic explanation of observed events during the crucial phase of that auction, which have puzzled several …

The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more … competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and … presents a game theoretic explanation of observed events during the crucial phase of that auction, which have puzzled several …

German (and Austrian) UMTS auction. In particular, we discuss in detail the exposure problem that caused firms in Germany to …We briefly survey several insights about value and revenue maximization in multi-object auctions and apply them to the …

We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven … behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … back to an abuse of the auction's pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we …

We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven … behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … back to an abuse of the auction's pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we …