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sealed-bid and clock auctions. We find that the efficient bid levels in the sealed-bid second-price auction may be non … upcoming 3G spectrum auction, rather than the seemingly superior HRB auction. Chapter 3: Discrete Clock Auctions: An … Experimental Study We analyze the implications of different pricing rules in discrete clock auctions. The two most common pricing …
Persistent link: https://www.econbiz.de/10009450772
regulator auctions two works altogether: one is to be developed and operated by the winning bidder, while the other is an owner …
Persistent link: https://www.econbiz.de/10015213417
emphasize the gains that can be achieved by combining between- and within-subjects characteristics in experimental auctions. …
Persistent link: https://www.econbiz.de/10015213435
Previous literature analyzing the effects of incentive compatibility of experimental payment mechanisms is dominated by theory. With overwhelming evidence of theory violations in a multiplicity of domains, we fill this gap by empirically exploring the effects of different payment mechanisms in...
Persistent link: https://www.econbiz.de/10015213444
We study sequential auctions in which bidders demand multiple units. We collect a novel data set on sequential water … auctions for the empirical study. Although water units are identical, two features from the empirical setting create a trade …
Persistent link: https://www.econbiz.de/10015213504
We study the licensing of a cost-reducing innovation in a Cournot oligopoly where an outside innovator uses three part tariffs that are combinations of upfront fees, per unit royalties and ad valorem royalties. Under general demand, the maximum possible licensing revenue under three part tariffs...
Persistent link: https://www.econbiz.de/10015213599
interest rate signal to the money market. In the Indian context, the repo-auctions have been used actively in the post …-reform period. The present study illustrates the money market reaction to repo-auctions and points out whether such reaction is … discriminatory price auctions and fixed rate repos. …
Persistent link: https://www.econbiz.de/10015213742
This paper aims to address a gap in literature at the intersection of cheating in auctions and emotional responses. In …
Persistent link: https://www.econbiz.de/10015213754
This paper presents a new mechanism for awarding tolled-highways, based on the variable-term concept proposed by Engel et al (1997). These authors claim that a mechanism based on bids for least-present-value of revenue (LPVR) eliminates the risk of demand and simplifies renegotiations. However,...
Persistent link: https://www.econbiz.de/10015214140
Private participation in the construction and operation of road infrastructure ia a way to deal with tight budget constraints and increasing demand for additional road capacity. Fixed term concessions has been the standard contract between the the public sector and private operators with poor...
Persistent link: https://www.econbiz.de/10015214144