Showing 1 - 10 of 497
This study theoretically presents a new auction design called "take-or-give auction." The auction solves the free-rider problem in the case of two symmetric and risk-neutral bidders competing for a good with countervailing positive externalities. The auction makes efficient allocation. Moreover,...
Persistent link: https://www.econbiz.de/10011110437
Coexistence of identity-specific and financial externalities among bidders is a salient feature of auctions with buyers who are cross shareholders or competing firms in an oligopoly. This paper unifies these two types of externalities in revenue-maximizing auction design. Our main findings are...
Persistent link: https://www.econbiz.de/10005786988
This note provides a simple explanation why sellers rarely set optimal reserve prices in one-shot auctions. In a standard sealed-bid second-price auction, bidders with private values do not bid truthfully if the seller cannot commit to her announced reserve price. Consequently, expected revenue...
Persistent link: https://www.econbiz.de/10005621705
We show that the seller’s optimal reserve price in an all-pay auction with complete information is higher than in a standard auction. We use our results to re-consider some findings of the literature that models lobbying games as all-pay auctions. In particular, we show that the so-called...
Persistent link: https://www.econbiz.de/10005621968
Urban water demand is rapidly growing in India due to high growth in urban population and rapid industrialization …. Meeting this growing demand is a big challenge for the urban planners in India. Incidentally, urban areas in arid and semi … arid regions of India are experiencing rapid growth. As a result, the supplies from local water resources including …
Persistent link: https://www.econbiz.de/10004980388
We build a model for emerging economies where households could search goods through two retail platforms: the legal organized (supermarket) and the informal unorganized (mom-and-pop store). We highlight the role of the retail sector as a special two-sided platform in goods market. A positive...
Persistent link: https://www.econbiz.de/10011130316
This paper investigates the relationship between stock market returns and volatility in the Indian stock markets using AR(1)-EGARCH(p, q)-in-Mean model. The study considers daily closing prices of two major indexes of Indian stock exchanges, viz., S&P CNX NIFTY and the BSE-SENSEX of National...
Persistent link: https://www.econbiz.de/10011107467
domestic food markets. In a detailed case study of makhana in Bihar, one of the poorest states in India, we see the fast …
Persistent link: https://www.econbiz.de/10011107640
provides number of critical insights on conundrums in public distribution system in India by maximum Indian states and social …
Persistent link: https://www.econbiz.de/10011107662
the emerging markets era, say India. …
Persistent link: https://www.econbiz.de/10011107682