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the transaction price according to semi-strong form efficiency. We see that Kyle's call auction market is no longer a …
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-bidders' auction is similar to the Hawk-Dove game, which motivates to study symmetric NEs: Properties and comparative statics are …
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Contracts providing payments for not developing natural areas, or for removing cropland from production, generally require long-term commitments. Landowners, however, can decide to prematurely terminate the contract when the opportunity cost of complying with conservation requirements increases....
Persistent link: https://www.econbiz.de/10010380650
Computational methods are used to analyze bidding in first price sealed bid auctions for abroad range of realistic scenarios. Bidders valuations may have both common value and firm-specific components, and the accuracy of their estimates of the common value component may differ. In addition, we...
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Drawing on the real-options theory we analyse bidding behaviour in a sealed-bid-first-score procurement auction where …
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We consider a general auction model with infinitely divisible commodity and price functions and give a new existence … via this auction mechanism. This property holds also true in the case of joint constraints for players, when they become … mutually dependent. We deduce a new existence result for oligopolistic problems from that for the general auction one …
Persistent link: https://www.econbiz.de/10013030994
Drawing on the real-options theory we analyse bidding behaviour in a sealed-bid-first-score procurement auction where …
Persistent link: https://www.econbiz.de/10011599251
Policy makers reformed the European Union (EU) Emission Trading System (ETS) to address low prices and price volatility. They reduced the cap and strengthened the Market Stability Reserve (MSR). The effectiveness of these reforms hinges on path dependency of emission and abatement technology....
Persistent link: https://www.econbiz.de/10013242709