Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10009703070
Persistent link: https://www.econbiz.de/10010345599
This online appendix contains the plots and supplemental descriptions for "Are Estimates of Asymmetric First-Price Auctions Credible? Semi- & Nonparametric Analyses."The paper "Are Estimates of Asymmetric First-Price Auctions Credible? Semi- & Nonparametric Analyses" to which this Supplement...
Persistent link: https://www.econbiz.de/10012973476
Structural asymmetric first-price auction estimation methods have provided numerous empirical studies. However, due to the unobserved nature of underlying valuations, the accuracy of estimates is not feasibly testable with field data, a fact that could inhibit empirical auction market designs...
Persistent link: https://www.econbiz.de/10012973510
Persistent link: https://www.econbiz.de/10009703080
This article explores the effect of a subset of symmetric bidders joining to bid together. Possible applications include mergers, collusion and legal joint-bidding arrangements. The change produces a "strong" party with a more advantageous value distribution than the remaining "weak" bidder(s)....
Persistent link: https://www.econbiz.de/10013130516
Persistent link: https://www.econbiz.de/10012197294
We study, theoretically and experimentally, sealed-bid first-price auctions with and without package bidding. In the model, a global bidder bids for multiple items and can benefit from synergies, while local bidders bid for a single item. In the equilibrium, package bidding improves (hurts)...
Persistent link: https://www.econbiz.de/10013115730