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Reserve price when bidders are asymmetric

Gunay, Hikmet; Meng, Xin; Nagelberg, Mark - 2013

The authors analyze the optimal reserve price in a second price auction when there are N types of bidders whose …; hence, the auction will be efficient. …

Persistent link: https://www.econbiz.de/10010311720

Reserve price when bidders are asymmetric

Gunay, Hikmet; Meng, Xin; Nagelberg, Mark - 2012

We analyze the optimal reserve price in a second price auction when there are N types of bidders whose valuations are … decrease. Finally, we give sufficient conditions that ensure the seller will not use a reserve price; hence, the auction will …

Persistent link: https://www.econbiz.de/10010332453

Bidding behavior in asymmetric auctions: An experimental study

Güth, Werner; Ivanova-Stenzel, Radosveta; Wolfstetter, … - 2001

We review an asymmetric auction experiment. Based on Plum (1992) private valuations of the two bidders are …

Persistent link: https://www.econbiz.de/10010310347

Cross-game Learning and Cognitive Ability in Auctions

Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin G. - 2022

cognitive skills. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction …

Persistent link: https://www.econbiz.de/10014467730

Risk, Reward and Uncertainty in Buyer-Seller Transactions - The Seller's View on Combining Posted Prices and Auctions -

Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2023

In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature …

Persistent link: https://www.econbiz.de/10014467862

Tacit Collusion and Capacity Withholding in Repeated Uniform Price Auctions

Dechenaux, Emmanuel; Kovenock, Dan - 2005

which the monopoly outcome with equal sharing is sustainable in the uniform price auction, but not in the corresponding … discriminatory auction. Moreover, capacity withholding may be necessary to sustain this outcome. We extend these results to the case …

Persistent link: https://www.econbiz.de/10010320186

New Evidence on Price Anomalies in Sequential Auctions : Used Cars in New Jersey

Raviv, Yaron - 2004

In this paper the sequence of winning bids in the public auction of used cars in New Jersey is examined for the … sale. In a further contrast to many other studies, these data indicate that the prices tend to increase as the auction …

Persistent link: https://www.econbiz.de/10010263302

The Role of the Bidding Process in Price Determination : Jump Bidding in Sequential English Auctions

Raviv, Yaron - 2004

I study the sequence of bidding in an open-outcry English auction to examine how the strategic bidding process affects … use the Jump Biddings to determine whether an open-outcry auction is best interpreted with models that assume private …

Persistent link: https://www.econbiz.de/10010263303

Fixed-prize tournaments versus first-price auctions in innovation contests

Schöttner, Anja - 2005

-price auction since holding an auction may leave higher rents to firms when the innovation technology is subject to large random …

Persistent link: https://www.econbiz.de/10010263592

Out-of equilibrium bids in auctions: wrong expectations or wrong bids

Kirchkamp, Oliver; Reiss, J. Philipp - 2008

Deviations from equilibrium bids in auctions can be related to inconsistent expectations with correct best replies (see Eyster and Rabin, 2005; Crawford and Iriberri, 2007) or correct expectations but small (perhaps quantal-response) mistakes in best replies (see Goeree et al., 2002). To distinguish...

Persistent link: https://www.econbiz.de/10010263873