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This paper analyzes bidding fee auctions --- an auction format in which bidders pay a fee every time they bid. In these … auctions, the prize value diminishes as the auction progresses, and the person who pays the most does not necessarily win …. Bidding fee auction websites are an increasingly common way to shop online. In my sample of 52 million bids from 64 …
Persistent link: https://www.econbiz.de/10013104404
In this paper we consider equilibrium behavior in a Dutch (descending price) auction where the bidders are uninformed … auction. We assume that the information acquisition activity is covert. We characterize the equilibrium behavior in a setting …, the Dutch auction produces more revenue than would a first price auction …
Persistent link: https://www.econbiz.de/10013109754
– that an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In …
Persistent link: https://www.econbiz.de/10013089156
We extend Wilson (1979) share auction framework to model the uniform-price US Treasury auction as a two-stage multiple … its bidding behavior in handling the risk of being short-squeezed or face the winner curse in the post-auction market …
Persistent link: https://www.econbiz.de/10012893365
unallocated. We also highlight how our mechanism can be implemented as an auction with minimum bids and bidding subsidies. …
Persistent link: https://www.econbiz.de/10014438989
selling mechanism, including an auction, and release additional information about the house to buyers. Release of information … adjusts the buyers' values and bids. We find that the optimal mechanism is a combination of the optimal auction and full … information disclosure. But if the seller uses a second-price auction instead, concealing additional information about the house …
Persistent link: https://www.econbiz.de/10013247089
-off, a hybrid share auction that includes a (possibly negative) cash reward to the winner, a minimum share, and an option to …
Persistent link: https://www.econbiz.de/10010227234
Persistent link: https://www.econbiz.de/10009724097
We propose a dynamic auction mechanism for efficiently allocating multiple heterogeneous indivisible goods. These goods … the auction, the auctioneer announces the current prices for all items, bidders respond by reporting their demands at … their market power, this dynamic auction always induces the bidders to bid truthfully as price-takers, yields an efficient …
Persistent link: https://www.econbiz.de/10010403061
The literature on license auctions for process innovations in oligopoly assumed that the auctioneer reveals the winning bid and stressed that this gives firms an incentive to signal strength through their bids, to the benefit of the innovator. In the present paper we examine whether revealing...
Persistent link: https://www.econbiz.de/10010378352