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Auctions with imperfect commitment when the reserve may signal the auctioneer's type
Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2013
If bidders are uncertain whether the auctioneer sticks to the announced reserve, some bidders respond by not bidding, speculating that the auctioneer may revoke the reserve. However, the reserve inadvertently signals the auctioneer's type, which drives a unique separating and a multitude of...
Persistent link: https://www.econbiz.de/10009781360
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Signalling in auctions : experimental evidence
Bos, Olivier; Gomez-Martinez, Francisco; Onderstal, Sander - 2018
We study the relative performance of the first‐price sealed‐bid auction and the second-price sealed‐bid auction in a … reveals the winner’s payment to an outside observer. We find that the first‐price sealed‐bid auction in which the winner …
Persistent link: https://www.econbiz.de/10011906329
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Asymmetric information in auctions : are resellers better appraisers?
Koptyug, Nikita - 2016
heterogeneity in the dispersion of private value components. I use the asymmetric ascending auction model of Hong and Shum (2003) to …
Persistent link: https://www.econbiz.de/10011430656
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Effect of book building and auctions on the exit choice between IPO and acquisition
Chinchwadkar, Rohan; Seth, Rama - In: Theoretical economics letters 5 (2015) 4, pp. 458-468
Persistent link: https://www.econbiz.de/10011439291
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An experimental study of signaling in auctions with a flexible reserve price
Khoroshilov, Yuri - In: The North American journal of economics and finance : a … 34 (2015), pp. 124-137
Persistent link: https://www.econbiz.de/10011539857
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Bayesian implementation and rent extraction in a multi-dimensional procurement problem
Herweg, Fabian; Schmidt, Klaus M. - 2018
We consider a multi-dimensional procurement problem in which sellers have private information about their costs and about a possible design flaw. The information about the design flaw is necessarily correlated. We solve for the optimal Bayesian procurement mechanism that implements the efficient...
Persistent link: https://www.econbiz.de/10011976063
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The role of signals in online auction purchase decisions
Cypryjański, Jacek; Grzesiuk, Aleksandra - In: Folia oeconomica Stetinensia : FOS 15 (2015) 1, pp. 53-68
Persistent link: https://www.econbiz.de/10011625472
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Procurement auctions with interdependent values and affiliated signals
Balanquit, RM; Kimwell, MJM - 2016
expected quantities sold and selling prices of some endogenous-quantity procurement auction formats. The resulting equilibrium … second-price auction yields both higher expected prices and lower expected quantities than the first-price auction. This … result is consistent with similar studies showing suboptimality of auction mechanisms that allow for winning bids of less …
Persistent link: https://www.econbiz.de/10011582261
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Signaling in auctions : experimental evidence
Bos, Olivier; Gomez-Martinez, Francisco; Onderstal, Sander - 2017 - Revised: 7-7-2017
We study the relative performance of the first-price sealed-bid auction and the second-price sealed-bid auction in a … winner's payment to an outside observer. We find that the first-price sealed-bid auction in which the winner's payment is …
Persistent link: https://www.econbiz.de/10011664217
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Auctions with prestige motives
Bos, Olivier; Truyts, Tom - 2014
Persistent link: https://www.econbiz.de/10010423256