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Scarpatetti, Benedikt von; Wasser, Cédric - 2010

bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …

Persistent link: https://www.econbiz.de/10003935653

Information sharing in contests

Kovenock, Daniel J.; Morath, Florian; Münster, Johannes - 2010

We study the incentives to share private information ahead of contests, such as markets with promotional competition …

Persistent link: https://www.econbiz.de/10008822740

Does Cost Uncertainty in the Bertrand Model Soften Competition?

Lagerlöf, Johan N. M. - 2014

-good Bertrand model intensifies competition: it lowers price and raises total surplus (but also makes profits go up). For some … Hansen's results for the relationship between uncertainty and competition in the Bertrand model. Second, it shows that his … reinforces the notion that uncertainty intensifies competition rather than softens it …

Persistent link: https://www.econbiz.de/10013054742

Self-Allocation in Contests

Bernergard, Axel - 2017

We consider contestants who must choose exactly one contest, out of several, to participate in. We show that when the contest technology is of a certain type, or when the number of contestants is large, a self-allocation equilibrium, i.e., one where no contestant would wish to change his choice...

Persistent link: https://www.econbiz.de/10012947451

Signaling in Auctions Among Competitors

von Scarpatetti, Benedikt; Wasser, Cédric - 2010

bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …

Persistent link: https://www.econbiz.de/10014196760

Auctions with Endogenous Valuations : The Snowball Effect Revisited

Krishna, Kala - 2001

This paper looks at the determination of ownership of capacity when there are two ex-ante symmetric agents bidding for many units of capacity which are sold sequentially. It is shown that convexity of payoffs in the final stage of the game is sufficient to ensure monopolization of capacity, but...

Persistent link: https://www.econbiz.de/10014215602

Fixed Costs, Product Variety, an Welfare on the Internet

Israilevich, Guillermo - In: Revista de Analisis Economico – Economic Analysis Review 23 (2008) 2, pp. 121-141

The impact of product variety on welfare has received little attention in the electronic commerce literature. The problem with product variety is that more variety does not necessarily imply higher welfare. This paper finds the conditions under which more variety, if caused by lower fixed costs,...

Persistent link: https://www.econbiz.de/10009293690

A new price test in geographic market definition: An application to German retail gasoline market

Bantle, Melissa; Muijs, Matthias; Dewenter, Ralf - 2018

Market delineation is a fundamental tool in modern antitrust analysis. However, the definition of relevant markets can be very difficult in practice. This preliminary draft applies a new methodology combining a simple price correlation test with hierarchical clustering -a method known from...

Persistent link: https://www.econbiz.de/10011929833

Price Dispersion in Dynamic Competition

R. Guthmann, Rafael - 2020

In product markets, there exists substantial dispersion in prices for transactions of physically identical goods, and incumbent sellers sell at higher prices than entrants. This study develops a theory of dynamic pricing that explains these facts as results from the same fundamental friction:...

Persistent link: https://www.econbiz.de/10012850789

An experimental analysis of ending rules in Internet auctions

Ariely, Dan; Ockenfels, Axel; Roth, Alvin E. - 2003

A great deal of late bidding has been observed on internet auctions such as eBay, which employ a second price auction with a fixed deadline. Much less late bidding has been observed on internet auctions such as those run by Amazon, which employ similar auction rules, but use an ending rule that...

Persistent link: https://www.econbiz.de/10011508080