Search Results - subject:"Multi–Unit Auctions"

On the Asymptotic Distribution of the Transaction Price in a Clock Model of a Multi-Unit, Oral, Ascending-Price Auction within the Common-Value Paradigm

Hong, Han; Paarsch, Harry J.; Xu, Pai - Center for Economic Institutions, Institute of Economic … - 2010

Using a clock model of a multi-unit, oral, ascending-price auction, within the commonvalue paradigm, we analyse the asymptotic behaviour of the　transaction price as the number of bidders gets large. We find that even though the transaction price is determined by a (potentially small) fraction...

Persistent link: https://www.econbiz.de/10008838299

The impact of timing on bidding behavior in procurement auctions of contracts with private costs

Silva, Dakshina G. De; Kosmopoulou, Georgia; Pagel, Beatrice - Volkswirtschaftliche Fakultät, … - 2010

We provide a comparison of bidding behavior between multi-round and single-round auctions considering bid lettings for asphalt construction contracts. Using a reduced-form difference-in-difference approach as well as the nonparametric estimation technique proposed by Racine and Li (2004) we find...

Persistent link: https://www.econbiz.de/10008765654

On the Use of Multi-Unit Auctions in Measuring Consumers’ Willingness to Pay for Food Products

Akaichi, Faical; Nayga Jr., Rodolfo M.; Gil, Jose Maria - Agricultural and Applied Economics Association - AAEA - 2010

This paper proposes the use of multi-unit auctions in studying consumers’ willingness to pay (WTP) for food products in …

Persistent link: https://www.econbiz.de/10009020729

Advances in auctions

Kaplan, Todd R.; Zamir, Shemuʾel - 2015

Persistent link: https://www.econbiz.de/10011498304

Auctions with Variable Supply: Uniform Price versus Discriminatory

Damianov, Damian S.; Becker, Johannes Gerd - 2008

We examine an auction in which the seller determines the supply after observing the bids. We compare the uniform price and the discriminatory auction in a setting of supply uncertainty. Uncertainty is caused by the interplay of two factors: the seller's private information about marginal cost,...

Persistent link: https://www.econbiz.de/10011753144

Aversion to Price Risk and the Afternoon Effect

Mezzetti, Claudio - Department of Economics, University of Warwick - 2008

Many empirical studies of auctions show that prices of identical goods sold sequentially follow a declining path. Declining prices have been viewed as an anomaly, because the theoretical models of auctions predict that the price sequence should either be a martingale (with independent signals...

Persistent link: https://www.econbiz.de/10005146860

Auctions with variable supply : uniform price versus discriminatory

Damianov, Damian; Becker, Johannes Gerd - 2008

bid multi-unit auctions, variable supply auctions, discriminatory and uniform price auctions, subgame perfect equilibria … supply multi-unit auctions is in favor of discrimi- natory pricing. The primary concern with the uniform price auction is the … so as to maximize proflt. These auction forms, called variable supply multi-unit auctions, are used on various markets …

Persistent link: https://www.econbiz.de/10003761382

Demand reduction in multi-unit auctions with varying number of bidders and units

Akaichi, Faical; Nayga, Rodolfo M.; Gil, José M. - In: Economics Letters 124 (2014) 3, pp. 443-445

We examine the effect of varying the number of bidders and units on bid values in multi-unit auctions. Our results …

Persistent link: https://www.econbiz.de/10010930741

Demand reduction and inefficiency in multi-unit auctions

Ausubel, Lawrence M.; Cramton, Peter C.; Pycia, Marek; … - In: The review of economic studies 81 (2014) 4, pp. 1366-1400

Persistent link: https://www.econbiz.de/10010485884

Demand reduction in multi-unit auctions with varying number of bidders and units

Akaichi, Faical; Nayga, Rodolfo M. <Jr.>; Gil, José María - In: Economics letters 124 (2014) 3, pp. 443-445

Persistent link: https://www.econbiz.de/10010495115