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Within this paper, we aim to investigate asymmetries among bidders in land auctions that may entail non-competitive prices. Using representative data for Eastern Germany including winning bids, bidder characteristics, and land amenities, we pursue a structural approach to derive distributions of...
Persistent link: https://www.econbiz.de/10012012400
auction sites including eBay and General Motors Assistance Corporation. A buyer in a buy price auction can accept the buy … price to win with certainty and end the auction early. Intuitively, the buy price option may appeal to bidders who are risk … aversion and time preferences. We develop a private value model of bidder behavior in a buy price auction with a temporary buy …
Persistent link: https://www.econbiz.de/10011801642
% of online auctions. Furthermore, we also find the probability of the inefficient online auction is more than 0.25 …
Persistent link: https://www.econbiz.de/10012839165
well as other recently opened lending websites allow people to auction microcredit over the internet and are in line with …
Persistent link: https://www.econbiz.de/10012931490
We propose a non-sequential search model with a continuum of consumers and a finite number of firms. Both consumers and firms are heterogeneous. Consumers differ in search costs. Firms have private marginal costs of production. We show that an equilibrium price dispersion can arise in this model...
Persistent link: https://www.econbiz.de/10012956396
The FDIC resolves insolvent banks using an auction process in which bidding is multidimensional and the rule used to … for analyzing auction environments where bids are ranked according to multiple attributes chosen by bidders, but where …
Persistent link: https://www.econbiz.de/10012183580
This paper exploits a large-size auction experiment conducted by two Chinese Government Treasury security issuers … uniform or discriminatory auction mechanisms. Based on the outcomes of more than 300 Treasury securities issued through an … alternating auction-rule market experiment, we find that auction outcome yield rates of the two auction formats are not …
Persistent link: https://www.econbiz.de/10012868424
implementation of the 3 pm local auction for quarters in Germany at the European Power Exchange (EPEX SPOT) in December 2014 to … challenges that are linked with a potential implementation of an intraday auction. …
Persistent link: https://www.econbiz.de/10011421880
outcome of the auction before honest parties and may choose to make the protocol fail without suffering any consequences. In … jointly compute the winner of the auction while preserving the privacy of losing bids and ensuring that cheaters are … protocols guarantee that the winner is determined and the auction payments are completed even if the adversary misbehaves, so …
Persistent link: https://www.econbiz.de/10012440385
In this paper, we test for the existence of a common component in agricultural land auctions in eastern Germany during the price boom 2007-2018 and discuss respective policy implications. Using a large, detailed dataset of auctions, we can rely on professional appraisals of the auctioned good...
Persistent link: https://www.econbiz.de/10012165347