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Vertragstheorie : Eine Einführung mit finanzökonomischen Beispielen und Anwendungen

Bannier, Christina E. - 2005

Persistent link: https://www.econbiz.de/10004882732

Sujarittanonta, Pacharasut - 2010

Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...

Persistent link: https://www.econbiz.de/10009450772

Flexible Decision-Making in Sequential Auctions

Cai, Gangshu - 2005

Because sequential auctions have permeated society more than ever, it is desirable for participants to have the optimal strategies beforehand. However, finding closed-form solutions to various sequential auction games is challenging. Current literature provides some answers for specific cases...

Persistent link: https://www.econbiz.de/10009431203

First and second Price Independent Values Sealed bid Procurement Auctions: Some Scalar Equilibrium Results

Skitmore, Martin - 2007

A great body of knowledge exists on the theory of auctions and competitive bidding that is of potential relevance to … to the body of knowledge on the economic theory of auctions by closing some of the gap between theory and practice. …

Persistent link: https://www.econbiz.de/10009437646

First and second price independent values sealed bid procurement auctions: some scalar equilibrium results

Skitmore, Martin - In: Construction Management and Economics 26 (2008) 8, pp. 787-803

A great body of knowledge exists on the theory of auctions and competitive bidding that is of potential relevance to … variability bidders. The work contributes to the body of knowledge on the economic theory of auctions by closing some of the gap … between theory and practice. …

Persistent link: https://www.econbiz.de/10005482608

Using and Abusing Economic Theory

Klemperer, Paul - C.E.P.R. Discussion Papers - 2003

Economic theory is often abused in practical policy-making. There is frequently excessive focus on sophisticated theory … at the expense of elementary theory; too much economic knowledge can sometimes be a dangerous thing. Too little attention … politically important. I illustrate with some disastrous government auctions, but also show the value of economic theory. …

Persistent link: https://www.econbiz.de/10005498003

Auctions with Anticipated Emotions: Overbidding, Underbidding, and Optimal Reserve Prices

Roider, Andreas; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2007

The experimental literature has documented that there is overbidding in second-price auctions, regardless of bidders' valuations. In contrast, in first-price auctions there tends to be overbidding for large valuations, but underbidding for small valuations. We show that the experimental evidence...

Persistent link: https://www.econbiz.de/10005498113

Auctions: Theory and Practice

Klemperer, Paul - Economics Department, State University of New …

This is a near-final draft of the 2004 Princeton University text with the same title.

Persistent link: https://www.econbiz.de/10005435742

Auction Theory: A Guide to the Literature

Klemperer, Paul - EconWPA - 1999

This paper, forthcoming in Journal of Economic Surveys, provides an elementary, non-technical, survey of auction theory … a companion book, The Economic Theory of Auctions, Paul Klemperer (ed.), Edward Elgar (pub.), 1999.) We begin with the …, budget constraints, externalities, testing the theory, and other topics. Appendices contain technical details, some simple …

Persistent link: https://www.econbiz.de/10005413297

Dominance or Maximin: How to Solve an English Auction

Kamecke, Ulrich - University of Bonn, Germany - 1993

It is widely believed that the English auction is solved after the dominated strategies are eliminated. This opinion is formally confirmed only for one "ascending clock" auction and can not be generalized for most other English auctions. In this paper I show that the formal argument which is...

Persistent link: https://www.econbiz.de/10004968187