Showing 1 - 10 of 1,023
“per install” basis—plays a major role in the mix and characteristics of auction winners, and, consequently, in their … number of such users. The distortion becomes worse as the auction gets more competitive and the number of bidders increases …
Persistent link: https://www.econbiz.de/10014090768
How does investors' information about a country's fundamentals, and the fact that this information may be asymmetrically held, affect a country's financing cost? Motivated by this question, and by the observation that sovereign bonds are usually auctioned in large lots to a large number of...
Persistent link: https://www.econbiz.de/10012913363
timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and …
Persistent link: https://www.econbiz.de/10013246494
Recently, economists have developed methods for structural estimation of auction models. Many researchers object to … explore whether structural auction models can generate reasonable estimates of bidders' private information. Using bid data … from auction experiments, we estimate four alternative structural models of bidding in first-price sealed-bid auctions: 1 …
Persistent link: https://www.econbiz.de/10013309205
We analyze bidding data from uniform price auctions of U.S. Treasury bills and notes between July 2009-October 2013. Primary dealers consistently bid higher yields compared to direct and indirect bidders. We estimate a structural model of bidding that takes into account informational asymmetries...
Persistent link: https://www.econbiz.de/10012943195
Ticketmaster. We first show theoretically that Ticketmaster's auction design, a novel variant of position auctions, has attractive … efficiency, revenue and no-arbitrage properties. Then, by combining primary-market auction data from Ticketmaster with secondary …
Persistent link: https://www.econbiz.de/10012948086
the type of auction considered. The equilibria of a static auction with this distribution of values is used to … characterize the equilibria of the dynamic auction, making this general class very tractable. As a result of the option of future … rebidding, early bids are shaded and under mild conditions increase toward the end of the auction. Our results are consistent …
Persistent link: https://www.econbiz.de/10012981625
incomplete bid data typically available to the auction designer in online auctions for advertising or e-commerce. This direct … auction observations needed in order for revenue under the estimated reserve price to approximate revenue under the optimal … reserve arbitrarily closely. This simple approach to estimating reserves may be particularly useful for auction design in Big …
Persistent link: https://www.econbiz.de/10012916910
This paper compares outcomes from informally negotiated oil and gas leases to those awarded via centralized auction. We …
Persistent link: https://www.econbiz.de/10012889483
data. Moreover, numerous innovations in auction-design features on platforms such as eBay have created excellent research …-now options) in online auctions, as well as some of the literature dealing with online-auction design (including stopping rules …
Persistent link: https://www.econbiz.de/10013224430