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This online appendix contains the plots and supplemental descriptions for "Are Estimates of Asymmetric First-Price … Auctions Credible? Semi- & Nonparametric Analyses."The paper "Are Estimates of Asymmetric First-Price Auctions Credible? Semi …
Persistent link: https://www.econbiz.de/10012973476
We analyze how market design influences the bidding behavior in multi-unit procurement auctions where suppliers have uncertain costs and are uncertain about the availability of production units, as in wholesale electricity markets. We find that the competitiveness of market outcomes improves...
Persistent link: https://www.econbiz.de/10013002591
We explore the impact of private information in sealed-bid first-price auctions. For a given symmetric and arbitrarily …
Persistent link: https://www.econbiz.de/10013004045
externality-robust implementation. In particular, we derive the externality-robust counterpart of the second-price auction. Our … experiments replicate the earlier finding of overbidding in the second-price auction, but we find that average bids equal value in … players' monetary payoffs. One example is externalities due to spite, which has been used to explain overbidding in second-price …
Persistent link: https://www.econbiz.de/10013006530
Persistent link: https://www.econbiz.de/10013009196
constraints and transmission costs. When the transmission capacity is binding, the discriminatory price auction could outperform … the uniform price auction, minimizing the equilibrium price and the transmission costs. Moreover, when the transmission … auction formats on suppliers' strategies in the presence of transmission constraints and transmission costs is still very …
Persistent link: https://www.econbiz.de/10013010225
In this paper we evaluate whether spatial econometric techniques can be used to test for collusive bidder behavior in public procurement auctions, using the submitted bids and procurement characteristics. The proposed method is applied to the so-called Swedish asphalt cartel, which was...
Persistent link: https://www.econbiz.de/10013011074
We explore the impact of private information in sealed bid first price auctions. For a given symmetric and arbitrarily …
Persistent link: https://www.econbiz.de/10013011350
negotiations with the incumbent. We analyze the effect of the procurement mode on service frequency and procurement price. Our … rail service, procurement price, and choice of procurement mode. Results indicate that, compared with negotiations …
Persistent link: https://www.econbiz.de/10013012482
This paper examines the relationships between spectrum auction design and the prices paid for national 3G wireless … licenses. Of particular interest is how auction features that can be modified by policy-makers determine prices paid for … spectrum. Our theoretical and empirical analysis is based on the premise that auction design features affect both final and …
Persistent link: https://www.econbiz.de/10012850247