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Treasury Auctions and Secondary Market Dynamics. An Analysis Based on the MTS Market for Italy
Cafiso, Gianluca - 2015
deeper and more accurately these two findings by taking Italy as a case study. Our results question the so-called auction …
Persistent link: https://www.econbiz.de/10013021758
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The Cost of Endangered Species Protection : Evidence from Auctions for Natural Resources
Bošković, Branko - 2016
design to evaluate how prices differ along regulation boundaries that constrain resource development. The auction format and …
Persistent link: https://www.econbiz.de/10012987389
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Auctions vs. Negotiations : The Case of Favoritism
Gretschko, Vitali - 2013
– that an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In …
Persistent link: https://www.econbiz.de/10013089156
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An Externality-Robust Auction : Theory and Experimental Evidence
Bartling, Björn - 2014
An auction is externality-robust if unilateral deviations from equilibrium leave the other bidders' payoffs unaffected … externalities due to spiteful preferences, which have been used to explain overbidding in the second-price auction (SPA). Another … example are cross-shareholdings between companies that compete in an auction. We derive an auction that coincides with the SPA …
Persistent link: https://www.econbiz.de/10013054012
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Security Bid Auctions for Agency Contracts
Jun, Byoung - 2014
-off, a hybrid share auction that includes a (possibly negative) cash reward to the winner, a minimum share, and an option to …
Persistent link: https://www.econbiz.de/10013060470
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Auctions vs. Negotiations : The Effects of Inefficient Renegotiation
Herweg, Fabian - 2015
For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms auctions if sellers are likely to have superior information...
Persistent link: https://www.econbiz.de/10013024680
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'Buy-it-Now' or 'Sell-it-Now' Auctions : Effects of Changing Bargaining Power in Sequential Trading Mechanisms
Grebe, Tim - 2016
at a fixed price before an auction. In the “Buy-It-Now” format, the seller has the bargaining power and offers a price … prior to the auction; whereas in the “Sell-It-Now” format, it is the buyer. Both formats are extensively used in online and … auction …
Persistent link: https://www.econbiz.de/10013000430
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Revenues and Welfare in Auctions with Information Release
Schweizer, Nikolaus - 2015
Auctions are the allocation-mechanisms of choice whenever goods and information in markets are scarce. Therefore, understanding how information affects welfare and revenues in these markets is of fundamental interest. We introduce new statistical concepts, k- and k-m-dispersion, for...
Persistent link: https://www.econbiz.de/10013014354
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Probabilistic Procurement Auctions
Giebe, Thomas - 2013
ratio offered is selected as the winner of the auction. We model the decision process as based on a general noisy ranking of …
Persistent link: https://www.econbiz.de/10013078958
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Foreign Bidders Going Once, Going Twice... Protection in Government Procurement Auctions
Cole, Matthew T.; Davies, Ronald B. - 2021
Until recently, government procurement bidding processes have generally favored domestic firms by awarding the contract to a domestic firm even if a foreign firm tenders a lower bid, so long as the difference between the two is sufficiently small. This has been replaced by an agreement...
Persistent link: https://www.econbiz.de/10013315621