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Resale in Second-Price Auctions with Costly Participation
Celik, Gorkem; Yilankaya, Okan - 2015
We investigate efficiency properties of sealed-bid second-price auctions with costly participation and resale. Each … resale is not allowed and the bidder valuations are drawn from a strictly convex distribution function, the symmetric … of these equilibria without resale is sufficient for existence of similarly constructed two-cutoff equilibria with resale …
Persistent link: https://www.econbiz.de/10010500283
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Resale in second-price auctions with costly participation
Celik, Gorkem; Yilankaya, Okan - 2015 - This Version: December 26, 2014
We investigate efficiency properties of sealed-bid second-price auctions with costly participation and resale. Each … resale is not allowed and the bidder valuations are drawn from a strictly convex distribution function, the symmetric … of these equilibria without resale is sufficient for existence of similarly constructed two-cutoff equilibria with resale …
Persistent link: https://www.econbiz.de/10010463922
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Resale in second-price auctions with costly participation
Celik, Gorkem; Yilankaya, Okan - In: International journal of industrial organization 54 (2017), pp. 148-174
Persistent link: https://www.econbiz.de/10011804761
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Resale in Second-Price Auctions with Costly Participation
Celik, Gorkem; Yilankaya, Okan - İktisat Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2015
We investigate efficiency properties of sealed-bid second-price auctions with costly participation and resale. Each … resale is not allowed and the bidder valuations are drawn from a strictly convex distribution function, the symmetric … of these equilibria without resale is sufficient for existence of similarly constructed two-cutoff equilibria with resale …
Persistent link: https://www.econbiz.de/10011115203
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Asymmetry and revenue in second-price auctions : a majorization approach
Chen, Jihui; Xu, Maochao - In: Journal of economics and finance 39 (2015) 3, pp. 625-640
Persistent link: https://www.econbiz.de/10011471143
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Hybrid Auctions II: Experimental Evidence
Dutra, Joisa C; Menezes, Flavio - 2001
In this paper we report the results of an experiment designed to examine the properties of a hybrid auction - a Dutch-Vickrey auction, that combines a sealed bid first-price auction with a sealed bid second-price auction. This auction mechanism shares some important features with that used in...
Persistent link: https://www.econbiz.de/10009451730
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Service contracts for delays in delivery
Mitra, Amitava - In: Advances in business and management forecasting 13 (2019), pp. 51-63
Persistent link: https://www.econbiz.de/10012154887
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Equivalence and revenue comparison among identical-item auctions
Xue, Shuang; Zhao, Yong; Gong, Yeming - In: Journal of economics 134 (2021) 3, pp. 261-292
Persistent link: https://www.econbiz.de/10012664122
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An Analysis on the Transaction Costs of Water Markets under DPA and UPA Auctions
Zhang, Li; Jia, Shao; Leung, Chi; Guo, Li - In: Water Resources Management 27 (2013) 2, pp. 475-484
The potential revenues of water right transactions can be substantial in theory, but the actual receipts are generally limited in practice. This difference is attributable to the presence of other factors influencing the operation of water markets. In this paper, we study the...
Persistent link: https://www.econbiz.de/10010794150
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First-price sealed-bid auctions when bidders exhibit different attitudes toward risk
Maréchal, François; Morand, Pierre-Henri - In: Economics Letters 113 (2011) 2, pp. 108-111
When bidders have different risk aversion levels, we determine in a first-price auction, the asymmetric equilibrium strategies. We analyze the impact of asymmetric risk aversion levels on bidders’ markups and on the expected revenue and allocative efficiency of the auction.
Persistent link: https://www.econbiz.de/10010576428