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Year of publication
Subject
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Multi-unit auction 38 Auktionstheorie 25 Auction theory 24 multi-unit auction 19 Auction 12 Auktion 12 Experiment 7 Multi-Unit Auction 5 strategic behavior 5 ex-post equilibrium 4 reserve price 4 uniqueness 4 Bank liquidity 3 Bankenliquidität 3 Bertrand competition 3 Common value auction 3 Competition 3 Laboratory experiment 3 Market power 3 Marktmacht 3 Vickrey auction 3 Wettbewerb 3 allocation rule 3 communication 3 discriminatory-price auction 3 divisible-good auction 3 ecological services 3 efficiency 3 electricity 3 experiment 3 experimental economics 3 plant biodiversity 3 uniform price auction 3 All-pay auction 2 Angebot 2 Bundling 2 Colonel Blotto game 2 Concession 2 Discriminatory and uniform-price auction with reservation price 2 Discriminatory descending auction 2
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Online availability
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Free 28 Undetermined 23
Type of publication
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Article 31 Book / Working Paper 31 Other 2
Type of publication (narrower categories)
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Article in journal 19 Aufsatz in Zeitschrift 19 Working Paper 9 Arbeitspapier 5 Graue Literatur 5 Non-commercial literature 5 Conference paper 1 Konferenzbeitrag 1
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Language
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English 37 Undetermined 27
Author
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Chakraborty, Indranil 5 Ahlberg, Joakim 4 Holmberg, Pär 4 Blume, Andreas 3 Bresky, Michal 3 Groth, Markus 3 Heidhues, Paul 3 Lafky, Jonathan 3 Münster, Johannes 3 Préget, Raphaële 3 Rasch, Alexander 3 Sefton, Martin 3 Thoyer, Sophie 3 Wambach, Achim 3 Zhang, Meixia 3 Zhang, Ping 3 Anderson, Edward J. 2 Anwar, Ahmed 2 Baltaduonis, Rimvydas 2 Claeys, Gregory 2 Corazzini, Luca 2 Galavotti, Stefano 2 Gretschko, Vitali 2 Izunaga, Yoichi 2 Khezr, Peyman 2 Mackenzie, Ian A. 2 Mastronardi, Nick 2 Papioti, Chara 2 Philpott, Andy 2 Sausgruber, Rupert 2 Shunda, Nicholas 2 Shyamalkumar, Nariankadu D. 2 Takahashi, Satoshi 2 Tryphonides, Andreas 2 Valbonesi, Paola 2 Watanabe, Naoki 2 Brown, Laura 1 Břeský, Michal 1 Cantillon, Estelle 1 Cho, Myeonghwan 1
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Institution
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Department of Economics, University of Connecticut 3 CTS - Centre for Transport Studies Stockholm (KTH and VTI) 2 Center for Economic Research and Graduate Education and Economics Institute (CERGE-EI) 2 Centre for Decision Research and Experimental Economics (CeDEx), School of Economics 2 School of Economics, University of Edinburgh 2 C.E.P.R. Discussion Papers 1 Department of Economics, University of Hawaii-Manoa 1 Dipartimento di Scienze Economiche "Marco Fanno", Università degli Studi di Padova 1 Département Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2), Institut National de la Recherche Agronomique (INRA) 1 Econometric Society 1 Faculty of Economics, University of Cambridge 1 Robert Schuman Centre for Advanced Studies (RSCAS), European University Institute 1 Transportekonomi, Väg- och Transportforskninginstitut (VTI) 1 Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 1
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Published in...
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Economics Bulletin 3 Working Paper Series in Economics 3 Working papers / Department of Economics, University of Connecticut 3 CERGE-EI Working Papers 2 Discussion Papers / Centre for Decision Research and Experimental Economics (CeDEx), School of Economics 2 Discussion papers / Governance and the Efficiency of Economic Systems 2 ESE Discussion Papers 2 Economics letters 2 Evolutionary and institutional economics review 2 Games and economic behavior 2 Journal of Mathematical Economics 2 Journal of mathematical economics 2 Recherches économiques de Louvain 2 Working papers in Transport Economics 2 "Marco Fanno" Working Papers 1 Agricultural Water Management 1 Barcelona GSE working paper series : working paper 1 CEPR Discussion Papers 1 Cambridge Working Papers in Economics 1 Cambridge working papers in economics 1 CeDEx Discussion Paper Series 1 China economic review : an international journal 1 Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 1 EPRG working paper 1 Econometric Society 2004 North American Winter Meetings 1 Economic Theory 1 Economic theory : official journal of the Society for the Advancement of Economic Theory 1 Economics Letters 1 Electronic markets : the international journal on networked business 1 Energy economics 1 Environmental & Resource Economics 1 Experimental economics : a journal of the Economic Science Association 1 Games and Economic Behavior 1 IFN Working Paper 1 IFN working paper 1 International journal of game theory : official journal of the Game Theory Society 1 International journal of industrial organization 1 Journal of economic interaction and coordination 1 Journal of international economics 1 Portuguese Economic Journal 1
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RePEc 34 ECONIS (ZBW) 24 EconStor 4 BASE 2
Showing 1 - 50 of 64
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Multi-unit auctions with uncertain supply and single-unit demand
Anderson, Edward J.; Holmberg, Pär - 2023
We study multi-unit auctions where bidders have single-unit demand and asymmetric information. For symmetric equilibria, we identify circumstances where uniform-pricing is better for the auctioneer than pay-as-bid pricing, and where transparency improves the revenue of the auctioneer. An issue...
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Multi-unit auctions with uncertain supply and single-unit demand
Anderson, Edward J.; Holmberg, Pär - 2023
We study multi-unit auctions where bidders have single-unit demand and asymmetric information. For symmetric equilibria, we identify circumstances where uniform-pricing is better for the auctioneer than pay-as-bid pricing, and where transparency improves the revenue of the auctioneer. An issue...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014283608
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Liquidity risk, market power and the informational effects of policy
Claeys, Gregory; Papioti, Chara; Tryphonides, Andreas - In: Journal of international economics 142 (2023), pp. 1-35
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Liquidity risk, market power and reserve accumulation
Claeys, Gregory; Papioti, Chara; Tryphonides, Andreas - 2020
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An experimental study of VCG mechanism for multi-unit auctions : competing with machine bidders
Takahashi, Satoshi; Izunaga, Yoichi; Watanabe, Naoki - In: Evolutionary and institutional economics review 19 (2022) 1, pp. 97-117
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Bank demand for central bank liquidity and its impact on interbank markets
Xiao, Di; Krause, Andreas - In: Journal of economic interaction and coordination 17 (2022) 3, pp. 639-679
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Auctioning business licenses to engage in Cournot competition
Cho, Myeonghwan; Song, Joon - In: Economics letters 210 (2022), pp. 1-5
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Revenue and efficiency in pollution permit allocation mechanisms
Khezr, Peyman; Mackenzie, Ian A. - In: Energy economics 93 (2021), pp. 1-8
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Evaluating car license auction mechanisms : theory and experimental evidence
Tan, Lijia; Wei, Lijia - In: China economic review : an international journal 60 (2020), pp. 1-17
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VCG mechanism for multi-unit auctions and appearance of information : a subject experiment
Takahashi, Satoshi; Izunaga, Yoichi; Watanabe, Naoki - In: Evolutionary and institutional economics review 16 (2019) 2, pp. 357-374
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Simultaneous vs. sequential auctions with risk averse bidders
Chakraborty, Indranil - In: Games and economic behavior 113 (2019), pp. 209-222
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Supply function competition with asymmetric costs : theory and experiment
Hefti, Andreas; Shen, Peiyao - In: Economics letters 178 (2019), pp. 24-27
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Supply function equilibria in transportation networks
Holmberg, Pär; Philpott, Andy - Faculty of Economics, University of Cambridge - 2014
Transport constraints limit competition and arbitrageurs' possibilities of exploiting price differences between commodities in neighbouring markets. We analyze a transportation network where oligopoly producers compete with supply functions under uncertain demand, as in wholesale electricity...
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Using Quotas to Enhance Competition in Asymmetric Auctions: A Comparison of Theoretical and Experimental Outcomes
Hellersteina, Daniel; Higginsa, Nathaniel; Roberts, … - Department of Economics, University of Hawaii-Manoa - 2014
We study multiple-unit asymmetric procurement auctions wherein sellers from two classes draw costs from dierent distributions. When sellers are asymmetric, a cost-minimizing buyer discriminates among classes of sellers to enhance competition [1]. Establishing a quota|a limit on the number of...
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Supply function equilibria in transportation networks
Holmberg, Pär; Philpott, Andy - 2014
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"Bid more, pay less" : overbidding and the Bidder's curse in teleshopping auctions
Ocker, Fabian - In: Electronic markets : the international journal on … 28 (2018) 4, pp. 491-508
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Permit market auctions with allowance reserves
Khezr, Peyman; Mackenzie, Ian A. - In: International journal of industrial organization 61 (2018), pp. 283-306
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Multi-unit common value auctions: a laboratory experiment with three sealed-bid mechanisms
Ahlberg, Joakim - CTS - Centre for Transport Studies Stockholm (KTH and VTI) - 2012
This study addresses a discrete common value environment with independent (one-dimensional) private signals, where the seller offers two identical units and the buyers have (flat) demand for both. Each session is conducted with 2, 3 or 4 buyers. Three auction formats are used: the...
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Multi-unit common value auctions: an experimental comparison between the static and the dynamic uniform auction
Ahlberg, Joakim - CTS - Centre for Transport Studies Stockholm (KTH and VTI) - 2012
It is still an open question whether the dynamic or the static format should be used in multi-unit settings, in a uniform price auction. The present study conducts an economic experiment in a common value environment, where it is found that it is more a question of whether the auctioneer wants...
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Allotment In First-Price Auctions: An Experimental Investigation.
Corazzini, Luca; Galavotti, Stefano; Sausgruber, Rupert; … - Dipartimento di Scienze Economiche "Marco Fanno", … - 2012
We experimentally study the effects of allotment Ð the division of an item into several units Ð in independent private value auctions. In particular, we compare a single-item, first-price auction with two equivalent treatments with allotment: a two-unit discriminatory auction and a setting in...
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Allotment in first-price auctions : an experimental investigation
Corazzini, Luca; Galavotti, Stefano; Sausgruber, Rupert; … - In: Experimental economics : a journal of the Economic … 20 (2017) 1, pp. 70-99
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Bid pooling in reverse multi-unit Dutch auctions : an experimental investigation
Gillen, Philippe; Rasch, Alexander; Wambach, Achim; … - In: Theory and decision : an international journal for … 81 (2016) 4, pp. 511-534
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The transferability and performance of payment-by-results biodiversity conservation procurement auctions: empirical evidence from northernmost Germany
Groth, Markus - 2009
Managed grasslands contribute in a number of ways to the biodiversity of European agricultural landscapes and provide a wide range of ecosystem services that are also of socio-economic value. Against the background of a rapid biodiversity loss in agricultural landscapes, increasing attention is...
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Divisible-good uniform price auctions: The role of allocation rules and communication among bidders
Sefton, Martin; Zhang, Ping - 2009
We use laboratory experiments to compare allocation rules in uniform price divisible good auctions. 'Standard' and 'uniform' allocation rules admit different types of low-price equilibria, which are eliminated by a 'hybrid' rule. We observe little evidence of revenue differences among the...
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The transferability and performance of payment-by-results biodiversity conservation procurement auctions: empirical evidence from northernmost Germany
Groth, Markus - 2009
Managed grasslands contribute in a number of ways to the biodiversity of European agricultural landscapes and provide a wide range of ecosystem services that are also of socio-economic value. Against the background of a rapid biodiversity loss in agricultural landscapes, increasing attention is...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10005545368
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Divisible-good uniform price auctions: the role of allocation rules and communication among bidders
Sefton, Martin; Zhang, Ping - Centre for Decision Research and Experimental Economics … - 2009
We use laboratory experiments to compare allocation rules in uniform price divisible good auctions. “Standard” and “uniform” allocation rules admit different types of low-price equilibria, which are eliminated by a “hybrid” rule. We observe little evidence of revenue differences...
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Revenue and Efficiency in Multi-Unit Uniform-Price Auctions
Bresky, Michal - Center for Economic Research and Graduate Education and … - 2009
I show that in a private value multi-unit uniform-price auction, the reservation price increases both the efficiency and revenue. In equilibrium the difference between the true value of a unit and the submitted bid (shading) is different for each unit; therefore, the seller cannot allocate units...
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Divisible-good uniform price auctions: the role of allocation rules and communication among bidders
Sefton, Martin; Zhang, Ping - Centre for Decision Research and Experimental Economics … - 2009
We use laboratory experiments to compare allocation rules in uniform price divisible good auctions. “Standard” and “uniform” allocation rules admit different types of low-price equilibria, which are eliminated by a “hybrid” rule. We observe little evidence of revenue differences...
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Asymptotic properties of equilibrium in discriminatory and uniform price ipv multi-unit auctions
Katzman, Brett E - In: Economics Bulletin 29 (2009) 2, pp. 834-846
This paper confronts the tractability problems that accompany IPV auction models with multi-unit bidder demands. Utilizing a first order approach, the asymptotic properties of symmetric equilibria in discriminatory and uniform price auctions are derived. It is shown that as the number of bidders...
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How Do Firms Exercise Unilateral Market Power? Evidence from a Bid-Based Wholesale Electricity Market
MCRAE, Shaun D.; WOLAK, Frank A. - Robert Schuman Centre for Advanced Studies (RSCAS), … - 2009
This paper uses the framework in Wolak (2003a,b and 2007) and data on half-hourly offer curves and market-clearing prices and quantities from the New Zealand wholesale electricity market over the period January 1, 2001 to June 30, 2007 to characterize how the four large suppliers in this...
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Waging simple wars: a complete characterization of two-battlefield Blotto equilibria
Macdonell, Scott; Mastronardi, Nick - In: Economic Theory 58 (2015) 1, pp. 183-216
We analyze the strategic allocation of resources across two contests as in the canonical Colonel Blotto game. In the games we study, two players simultaneously allocate their forces across two fields of battle. The larger force on each battlefield wins that battle, and the payoff to a player is...
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Waging simple wars : a complete characterization of two-battlefield Blotto equilibria
Macdonell, Scott T.; Mastronardi, Nick - In: Economic theory : official journal of the Society for … 58 (2015) 1, pp. 183-216
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Non-existence of equilibria in simultaneous auctions with a common budget-constraint
Ghosh, Gagan - In: International journal of game theory : official journal … 44 (2015) 2, pp. 253-274
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An empirical examination of repeated auctions for biodiversity conservation contracts
Groth, Markus - 2008
The European Union’s Council Regulation on support for rural development by the European Agricultural Fund for Rural Development has introduced auctioning as a new instrument for granting agri-environmental payments and awarding conservation contracts for the recent multi-annual budgetary...
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Properties of Equilibrium Strategies in Multiple-Unit, Uniform-Price Auctions
Bresky, Michal - Center for Economic Research and Graduate Education and … - 2008
The paper analyzes the essential properties of bidder equilibrium strategies in the multi-unit uniform-price auction. In the auction the seller offers several identical units for sale, specifies a minimum accepted bid (reservation price) and sets maximum number of bids that any bidder can...
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Does the competition structure impact the performance of multi-unit auctions ? An experimental investigation
Préget, Raphaële; Thoyer, Sophie - In: Recherches économiques de Louvain 80 (2014) 2, pp. 85-109
Competition in a multi-unit auction is measured both by the number of bidders and by the relative size of their demands, compared to the number of units on sale. For the same degree of competition (identical aggregate demand and supply), we can observe different demand structures. Do they have...
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Does the competition structure impact the performance of multi-unit auctions? An experimental investigation
Préget, Raphaële; Thoyer, Sophie - Département Sciences Sociales, Agriculture et … - 2014
Competition in a multi-unit auction is measured both by the number of bidders and by the relative size of their demands, compared to the number of units on sale. For the same degree of competition (identical aggregate demand and supply), we can observe different demand structures. Do they have...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011242166
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Revenue and efficiency ranking in large multi-unit and bundle auctions
Chakraborty, Indranil; Shyamalkumar, Nariankadu D. - In: Journal of Mathematical Economics 50 (2014) C, pp. 12-21
Should a seller use a multi-unit auction for identical and indivisible units of a good? We show, under specific assumptions on the value distributions of the bidders, that in large markets the multi-unit format generates higher (lower) expected revenue compared to the bundled format when the...
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On the strictly descending multi-unit auction
Gretschko, Vitali; Rasch, Alexander; Wambach, Achim - In: Journal of Mathematical Economics 50 (2014) C, pp. 79-85
We analyze the bidding behavior in a strictly descending multi-unit auction where the price decreases continuously without going back to the initial start price once an object is sold. We prove that any equilibrium in the multi-unit descending auction is inefficient. We derive a symmetric...
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Does the competition structure impact the performance of multi-unit auctions? : an experimental investigation
Préget, Raphaële; Thoyer, Sophie - In: Recherches économiques de Louvain 80 (2014) 2, pp. 85-109
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On the strictly descending multi-unit auction
Gretschko, Vitali; Rasch, Alexander; Wambach, Achim - In: Journal of mathematical economics 50 (2014), pp. 79-85
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Revenue and efficiency ranking in large multi-unit and bundle auctions
Chakraborty, Indranil; Shyamalkumar, Nariankadu D. - In: Journal of mathematical economics 50 (2014), pp. 12-21
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Efficiency in Deregulated Electricity Markets: Offer Cost Minimization vs. Payment Cost Minimization Auction
Baltaduonis, Rimvydas - 2006
This study of the wholesale electricity market compares the efficiency performance of the auction mechanism currently in place in U.S. markets with the performance of a proposed mechanism. The analysis highlights the importance of considering strategic behavior when comparing different...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10009430170
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All Nash Equilibria of the Multi-Unit Vickrey Auction
Blume, Andreas; Heidhues, Paul; Lafky, Jonathan; … - 2006
This paper completely characterizes the set of Nash equilibria of the Vickrey auction for multiple identical units when buyers have non-increasing marginal valuations and there at least three potential buyers. There are two types of equilibria: In the first class of equilibria there are positive...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010333924
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All Nash Equilibria of the Multi-Unit Vickrey Auction
Blume, Andreas; Heidhues, Paul; Lafky, Jonathan; … - Volkswirtschaftliche Fakultät, … - 2006
This paper completely characterizes the set of Nash equilibria of the Vickrey auction for multiple identical units when buyers have non-increasing marginal valuations and there at least three potential buyers. There are two types of equilibria: In the first class of equilibria there are positive...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10005785928
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Single or Multiple Pricing in Electricity Pools?
Anwar, Ahmed - School of Economics, University of Edinburgh - 2006
We present a 2 bidder multi-unit, common cost auction model with uncertain demand and capacity constraints which ensure that the participants sometimes face a residual market share. The model is motivated by electricity pools. We show that a single-price auction where the bidders can submit only...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10005147122
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"Ineffective" competition : a puzzle?
Ivanov, Andrey V.; Müller, Florian - 2006 - This Version: V 3.5.1, May 26, 2006
Conventionally, we think of an increase in competition as weakly decreasing prices, increasing the number of consumers served, thus increasing consumer surplus, decreasing firms profits, etc. Here, we demonstrate that, under some tame circumstances, an increase in competition may lead to a price...
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All Nash equilibria of the multi-unit Vickrey auction
Blume, Andreas; Heidhues, Paul; Lafky, Jonathan; … - 2006
This paper completely characterizes the set of Nash equilibria of the Vickrey auction for multiple identical units when buyers have non-increasing marginal valuations and there at least three potential buyers. There are two types of equilibria: In the first class of equilibria there are positive...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010373498
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Revenue and efficiency in multi-unit uniform-price auctions
Bresky, Michal - In: Games and Economic Behavior 82 (2013) C, pp. 205-217
This paper analyzes efficiency in a uniform-price multi-unit auction with a positive reservation price. I demonstrate that the reservation price is an important policy tool that may increase efficiency (or welfare) in multi-unit uniform-price auctions. I show that the higher the reservation...
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Effects of competition on environmental water buyback auctions
Iftekhar, M.S.; Tisdell, J.G.; Connor, J.D. - In: Agricultural Water Management 127 (2013) C, pp. 59-73
As water extractions from the world's rivers have grown, flows available for the environment have dwindled. In many parts of the world governments are now considering strategies to restore environmental flows. One strategy is for a government to buyback water from irrigators for the environment...
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