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Informational hold up and intermediaries

Utgoff, Naomi - In: Games 13 (2022) 5, pp. 1-14

better off under the dynamic mechanism relative to a Vickrey-like auction because the intermediaries are more able to exploit …-like auction. Finally, I show that in large markets the dynamic mechanism and Vickrey-like auction have the same expected total …

Persistent link: https://www.econbiz.de/10014418049

Price discovery and gains from trade in asset markets with insider trading

Brünner, Tobias; Levínský, René - 2020

novel call auction model with insider information. Our model predicts that more insider information improves informational … of insider information the call auction performs worse than continuous double auction. Testing these hypotheses in the … lab we find that insider information increases informational efficiency of call auction prices but does not decrease the …

Persistent link: https://www.econbiz.de/10012437539

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/10014477420

Negotiating cultures in corporate procurement : conference paper

Rosar, Frank; Müller, Florian - 2014 - (This version: February 5, 2014)

For a repeated procurement problem, we compare two stylized negotiating cultures which differ in how the buyer uses an entrant to exert pressure on the incumbent resembling U.S. style and Japanese style procurement. In each period, the suppliers are privately informed about their production...

Persistent link: https://www.econbiz.de/10010490631

Multi-unit auctions with uncertain supply and single-unit demand

Anderson, Edward J.; Holmberg, Pär - 2023

transparency improves the revenue of the auctioneer. An issue with the uniform-price auction is that seemingly collusive equilibria …

Persistent link: https://www.econbiz.de/10014283608

Price discovery and gains from trade in asset markets with insider trading

Brünner, Tobias; Levínský, René - In: The European journal of finance 29 (2023) 3, pp. 255-277

Persistent link: https://www.econbiz.de/10014322519

Optimal procurement and outsourcing of production in small industries : conference paper

Rosar, Frank - 2013 - This version: February 5, 2013

I study the interaction between optimal procurement and outsourcing of production in small industries. First, two sellers decide about outsourcing. By outsourcing, a seller loses information about the costs of producing to his supplier. Then the buyer designs the procurement mechanism and...

Persistent link: https://www.econbiz.de/10010340964

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

A full characterization of all deterministic dominant strategy incentive compatible, ex-post individually rational, and ex-post budget balanced direct mechanisms in the public good provision problem with independent private values

Kuzmics, Christoph - 2014

In this note I give a full characterization of all deterministic direct mechanisms in the public good provision problem with independent private values that are dominant strategy incentive compatible, ex-post individually rational, and ex-post budget balanced.

Persistent link: https://www.econbiz.de/10010337703

Volunteering and the strategic value of ignorance

Morath, Florian - 2011

Private provision of public goods often takes place as a war of attrition: individuals wait until someone else volunteers and provides the good. After a certain time period, however, one individual may be randomly selected. If the individuals are uncertain about their cost of provision, but can...

Persistent link: https://www.econbiz.de/10010274941