Showing 1 - 10 of 286
We introduce a new class of matching mechanisms - quantile stable mechanisms - that generate stable matchings that can be seen as a compromise between sides of a two-sided market. We show that responsiveness is a sufficient condition for the existence of such mechanisms and that all such...
Persistent link: https://www.econbiz.de/10012547697
I investigate the design of effort-maximizing mechanisms when agents have both private information and convex effort costs, and the designer has a fixed prize budget. I first demonstrate that it is always optimal for the designer to utilize a contest with as many participants as possible....
Persistent link: https://www.econbiz.de/10014468064
This paper presents the results of an experimental study of takeover auctions with toeholds. Consistent with the theory, we find a positive effect of toeholds on bidding. Such an effect, however, is of a lower magnitude and the bidding premium function has an opposite slope than the theory...
Persistent link: https://www.econbiz.de/10012547676
by decisions are involved in the decision-making process. A single-round auction mechanism focused on optimizing the …
Persistent link: https://www.econbiz.de/10014631080
measuring the impact of two key variables on this trade-off: capacity restraint and discount on the auction clearing price … consequently, the most predictable auction outcome. There are indications that a discount of 8% may suffice to incentivize …
Persistent link: https://www.econbiz.de/10012305138
studied for non-rivalrous goods. I examine an auction framework where the good sold can be used simultaneously by multiple … bidders if their use does not conflict with others; this simultaneous use directly affects the efficiency of the auction. A … price auction over non-conflicting groups and examine how non-rivalry impacts both efficiency and collusion. Conditions are …
Persistent link: https://www.econbiz.de/10015075932
interests that played a deci- sive role in the establishment of the auction mechanism. The article provides an analysis of the … formal and informal rules of the auction trade for real estate and argues that 19 th century real estate auctions did not … than auction theory assumes. …
Persistent link: https://www.econbiz.de/10013262919
This paper provides a general study of a contest modeled as a multiplayer incomplete-information, all-pay auction with …
Persistent link: https://www.econbiz.de/10014576711
This report supports the European Commission (DG ENER) in the design and implementation of a European import auction … offers strategic recommendations based on hydrogen market analyses, the assessment of existing and planned hydrogen auction … schemes in Europe and beyond, as well as preliminary considerations on auction design. The analysis highlights the potential …
Persistent link: https://www.econbiz.de/10015453036
-hypothetical incentive-compatible experimental auction study with 287 students. We followed a 3∗3∗2 experimental design eliciting (expected …
Persistent link: https://www.econbiz.de/10015455621