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two aspects from the auctions of CO2 certificates that have been conceived and organised so far. On the one hand, all … collected in the auctions of micro-certificates will be disbursed to every single person – at regular intervals, and without …
Persistent link: https://www.econbiz.de/10009467052
-Turnier und Scoring-Auktion, werden mit einer Auktion kombiniert, in der um die Teilnahme am Turnier geboten wird (entry auction …. Auctions and auction-like mechanisms are institutions that organize transactions between economic agents. In the face of … modifizierte Lizenzauktion, die profitabler ist als die in der Literatur untersuchten Mechanismen. Bei dieser Auktion wird eine …
Persistent link: https://www.econbiz.de/10009467148
) for the continuous trading and extends it to the auction phase. The second chapter analyzes the impact of adverse … compensation of liquidity provision changes. The fourth chapter changes the focus to the opening auction. It proposes an extension … information about future prices that is not incorporated in the auction price. …
Persistent link: https://www.econbiz.de/10009475366
(Roscas) in an agricultural south-Indian village are used for an analysis of Rosca auctions. We develop a simple SIPV Rosca-auction … model. We show that, in contrast to standard SIPV English auctions, bidders overbid relative to their maximum willingness to … pay in an oral ascending bid Rosca auction and that less aggressive bidding is socially beneficial. Estimating the …
Persistent link: https://www.econbiz.de/10009476244
Classical auction theory relies heavily on the assumption of perfectly rational bidders that play according to their … evolutionary learning in repeated auctions - bidders' strategies are influenced by the outcome of the past rounds in the game … outcome of learning in auctions. On the other hand it uses computational simulation. The simulation is first checked against …
Persistent link: https://www.econbiz.de/10009428992
Since the 1990s, the effective global labor supply has increased strongly, in particular due to the integration of China and India into the global markets. This rise has also deteriorated the situation of low-skilled workers in advanced economies. This development raises important challenges for...
Persistent link: https://www.econbiz.de/10009428973
Economics
Persistent link: https://www.econbiz.de/10009431898
Despite evidence of a positive relationship between informationtechnology (IT) investments and firm performance, results still varyacross firms and performance measures. We explore two organizationalexplanations for this variation: differences in firms’ ITinvestment allocations and their IT...
Persistent link: https://www.econbiz.de/10009435045
Differences in regional unemployment in post-communist economies are large and persistent. We show that within-country regional variation in inherited human capital in four such economies explains the bulk of regional variation in unemployment; we explore potential explanations. Our evidence...
Persistent link: https://www.econbiz.de/10009477362
, such as a regression function, and treating it as a conditional expectation is central to its identification and estimation … identification related properties of this model when the unknown function mu* belongs to a linear space. We also investigate … underidentification of mu* along with the identification of its linear functionals. Several examples are provided in order to develop …
Persistent link: https://www.econbiz.de/10009430113