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Bargaining Power and Supply Base Diversification

Wan, Zhixi; Beil, Damian R. - 2014

We examine a supply base diversification problem faced by a buyer who periodically holds auctions to award short term …

Persistent link: https://www.econbiz.de/10014047132

Auctions Versus Bilateral Bargaining : Evidence from a Natural Experiment

Pogrebna, Ganna - 2007

This paper uses data from a natural experiment to compare two institutions: a simple English auction and bilateral bargaining. It appears that bilateral bargaining may be more profitable for the seller. Results also suggest no correlation between bargaining skills and an ability to make profit...

Persistent link: https://www.econbiz.de/10014053617

Spectrum Auction Design

Cramton, Peter - 2012

Spectrum auctions are used by governments to assign and price licenses for wireless communications. The standard …. I analyze the strengths and weaknesses of the approach with examples from US spectrum auctions. I then present a …. Experimental tests and early auctions confirm the advantages of the approach …

Persistent link: https://www.econbiz.de/10014041583

Markovian α-Double Auctions

Xu, Xiaojing - 2015

This paper studies the $\alpha-$double auction in Xu et al. (2014) and extends their results to the case where $\alpha$ is time-varying in a manner governed by a time non-homogeneous Markov chain specified in Ram et al. (2009) over a set of states defined by $R\equiv\{\alpha_1, \alpha_2, \cdots,...

Persistent link: https://www.econbiz.de/10013028034

Dissolving a Partnership Efficiently

Cramton, Peter; Gibbons, Robert; Klemperer, Paul - University of Maryland, Department of Economics - Peter … - 1987

Several partners jointly own an asset that may be traded among them. Each partner has a valuation for the asset; the valuations are known privately and drawn independently from a common probability distribution. We characterize the set of all incentive-compatible and interim- individually-...

Persistent link: https://www.econbiz.de/10004988765

Efficient Relocation of Spectrum Incumbents

Cramton, Peter; Kwerel, Evan; Williams, John - University of Maryland, Department of Economics - Peter … - 1998

Changes in technologies and in consumer demands have made prior radio spectrum allocations far from efficient. To address this problem the FCC has recently reallocated spectrum for more flexible use in bands that are partially occupied by incumbent license holders. Often, it is necessary for the...

Persistent link: https://www.econbiz.de/10004988789

The 700 MHz Spectrum Auction: An Opportunity to Protect Competition In a Consolidating Industry

Cramton, Peter; Skrzypacz, Andrzej; Wilson, Robert - University of Maryland, Department of Economics - Peter … - 2007

Persistent link: https://www.econbiz.de/10004997793

The Effect of Incumbent Bidding in Set-Aside Auctions: An Analysis of Prices in the Closed and Open Segments of FCC Auction 35

Cramton, Peter; Ingraham, Allan T.; Singer, Hal J. - University of Maryland, Department of Economics - Peter … - 2008

This paper examines the impact of an incumbent carrier’s participation in two simultaneously conducted auctions: one … bidders seeking access to set-aside auctions that would be consistent with the FCC’s goal of promoting competition in the …

Persistent link: https://www.econbiz.de/10004997795

Economist Letter to NTIA on 700 MHz Spectrum Auction

Cramton, Peter; Skrzypacz, Andrzej; Wilkie, Simon; … - University of Maryland, Department of Economics - Peter … - 2007

auctions and the impact of various rules on auction revenues. …

Persistent link: https://www.econbiz.de/10004997798

Revenues in the 700 MHz Spectrum Auction

Cramton, Peter; Skrzypacz, Andrzej; Wilson, Robert - University of Maryland, Department of Economics - Peter … - 2007

There have been several comments that criticize auction rules that prevent the two major low-frequency incumbents from winning all of the newly available spectrum and incorporating it into their proprietary networks. Such rules include new-entrant set-asides, new-entrant bidding credits, and the...

Persistent link: https://www.econbiz.de/10004997802