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Persistent link: https://www.econbiz.de/10005753099
because of high technical complexity and partly because of auction design flaws. The division of lot contracts is an important … designing efficient auction mechanisms. …
Persistent link: https://www.econbiz.de/10005611908
also shown that not only competition but also auction design, especially lot division, is crucial for containing …
Persistent link: https://www.econbiz.de/10005611912
Asymmetric auctions are among the most rapidly growing areas in the auction literature. The potential benefits from … improved auction efficiency are expected to be enormous in public procurement auctions related to official development projects …. Entrant bidders are considered a key to enhance competition in an auction and break potential collusive arrangements among …
Persistent link: https://www.econbiz.de/10005611917
differences from the transfer system used to obtain foreign free agents in European football. This paper uses auction theory to …
Persistent link: https://www.econbiz.de/10005621472
an auction. This resulted in a highly competitive outcome: six operators were given rights to provide 3G services …. Government revenues from this auction were a staggering EUR 50.8 Bn. As the German government stands as majority shareholder in … theoretical model which shows that the German auction rules were indeed vulnerable to such a conflict of interests. However, the …
Persistent link: https://www.econbiz.de/10005645115
characterize the revenue maximizing private value auction mechanism for agents with arbitrary forms of ambiguous beliefs. We also …
Persistent link: https://www.econbiz.de/10010573645
reducing electricity prices. Here the electricity market is set up as a sealed bid second price auction. Theory predicts that …
Persistent link: https://www.econbiz.de/10010719150
The paper overviews the current marketing system in crop markets in Sudan; introduces the concept of crop auction … agricultural markets. The paper examines the probable role and impact of auction market systems on the market mechanisms if they … are widely employed. The paper calls for employment of qualified managers for successful auction markets with adequate …
Persistent link: https://www.econbiz.de/10010817066
Formal methods use computers to verify proofs or even discover new theorems. Interest in applying formal methods to problems in economics has increased in the past decade, but - to date - none of this work has been published in economics journals. This paper applies formal methods to a familiar...
Persistent link: https://www.econbiz.de/10010818187