We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect …. Unlike cash auctions, profit-share auctions are not revenue equivalent, and the second-price profit-share auction is more …

We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect … of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions … positive externality. Nevertheless, pooling does not occur; and the profit-share auction is strictly more profitable than the …

We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect … of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions … positive externality. Nevertheless, pooling does not occur; and the profit-share auction is strictly more profitable than the …

We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect … of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions … positive externality. Nevertheless, pooling does not occur; and the profit-share auction is strictly more profitable than the …

of a multi-object auction. After the auction either all bids or only the prices to be paid are revealed to all firms … bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …

Consider a market where producers submit supply functions to a procurement auction - e.g. an electric power auction …

of a multi-object auction. After the auction either all bids or only the prices to be paid are revealed to all firms … bidders’ costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …

Consider a market where producers submit supply functions to a procurement auction — e.g. an electric power auction …