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We analyze a divisible good uniform‐price auction that features two groups, each with a finite number of identical …
Persistent link: https://www.econbiz.de/10012806389
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
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
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
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
Persistent link: https://www.econbiz.de/10014225910
Reducing Africa's dependence on Asian rice imports requires tailoring local rice products to food markets that are segmented by cultural heritage of ancient rice domestication and colonial heritage of more recent import substitution policies. Using experimental auctions, we examine quality...
Persistent link: https://www.econbiz.de/10013486129
-party delivery company. We simulate two auction systems for the assignment of bundles to ODs: a static and a dynamic auction. In … exhaustive simulation tests, we compare different pricing schemes as well as the two auction systems, and outline several …
Persistent link: https://www.econbiz.de/10015193738
Persistent link: https://www.econbiz.de/10015206684