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Diszkriminatív áras és egyenáras aukciók

Monostori, Zoltan - Volkswirtschaftliche Fakultät, … - 2013

A tanulmány célja az értékpapírok esetében leggyakrabban alkalmazott két aukciós technika (az egyenáras és a diszkriminatív áras aukció) összehasonlító elemzése. A szakirodalom elsősorban az aukció várható bevétele szempontjából elemzi a módszereket. Az elméleti...

Persistent link: https://www.econbiz.de/10011258696

Mechanism Design for the truthful elicitation of costly probabilistic estimates in Distributed Information Systems

Papakonstantinou, A.; Rogers, A; Gerding, E. H.; … - Volkswirtschaftliche Fakultät, … - 2010

This paper reports on the design of a novel two-stage mechanism, based on strictly proper scoring rules, that allows a centre to acquire a costly forecast of a future event (such as a meteorological phenomenon) or a probabilistic estimate of a specific parameter (such as the quality of an...

Persistent link: https://www.econbiz.de/10011109324

Mechanism Design for eliciting probabilistic estimates from multiple suppliers with unknown costs and limited precision

Papakonstantinou, A.; Rogers, A.; Gerding, E. H; … - Volkswirtschaftliche Fakultät, … - 2010

This paper reports on the design of a novel two-stage mechanism, based on strictly proper scoring rules, that allows a centre to acquire a costly probabilistic estimate of some unknown parameter, by eliciting and fusing estimates from multiple suppliers. Each of these suppliers is capable of...

Persistent link: https://www.econbiz.de/10011258050

The Value of Commitment in Auctions with Matching

Lamping, Jennifer - Volkswirtschaftliche Fakultät, … - 2008

In many auctions, a good match between the bidder and seller raises the value of the contract for both parties although information about the quality of the match may be incomplete. This paper examines the case in which the bidder is better informed about the quality of his match with the seller...

Persistent link: https://www.econbiz.de/10008490104

The Value of Information in Auctions with Default Risk

Lamping, Jennifer - Volkswirtschaftliche Fakultät, … - 2007

After the close of an auction, the winning bidder may find that he is unable to carry out his bid offer. This paper …

Persistent link: https://www.econbiz.de/10008532158

Ignorance Is Bliss: Matching in Auctions with an Uninformed Seller

Lamping, Jennifer - Volkswirtschaftliche Fakultät, … - 2008

In many auctions, matching between the bidder and seller raises the value of the contract for both parties. However, information about the quality of the match may be incomplete. We consider the case in which each bidder observes the quality of his match with the seller but the seller does not...

Persistent link: https://www.econbiz.de/10008532170

A dynamic model of auctions with buy-it-now: theory and evidence

Chen, Jong-Rong; Chen, Kong-Pin; Chou, Chien-Fu; Huang, … - Volkswirtschaftliche Fakultät, … - 2006

greater than a threshold value. The theory also implies that the expected transaction price is higher in an auction with an …

Persistent link: https://www.econbiz.de/10011108134

The Seller's listing strategy in online auctions: evidence from eBay

Chen, Kong-Pin; Liu, Yu-Sheng; Yu, Ya-Ting - Volkswirtschaftliche Fakultät, … - 2012

The paper empirically studies why the sellers of identical commodities adopt dier- ent auction formats in the online … auction, and the consequences thereof. We postulate that the sellers adopt dierent auction formats because of the dierences in …'s choice between three auction formats: xed-price, buy-it-now (BIN), and pure auctions. We then estimate the dierences in sales …

Persistent link: https://www.econbiz.de/10011114141

Small Scale Privatization in Eastern Europe and Russia from a Historical and Comparative Perspective

Gács, János; Karimov, Il'dar; Schneider, Christoph - Volkswirtschaftliche Fakultät, … - 1992

This Working Paper is a summary of a workshop which was held at the International Institute for Applied Systems Analysis (IIASA), Laxenburg, Austria in 1992. Small scale privatization (SSP) of shops, restaurants and other consumer services has been accomplished in the first stage of the complex...

Persistent link: https://www.econbiz.de/10011122832

Cross-Checking the Media

Rudiger, Jesper - Volkswirtschaftliche Fakultät, … - 2013

A characteristic of the news market is that consumers often cross-check information, i.e. observe several news outlets. At the same time, data on political media suggest that more partisan consumers are more likely to cross-check. We explore these phenomena by building a model of horizontal...

Persistent link: https://www.econbiz.de/10011109156