Search Results - subject_exact:"English auction"

Partial identification of the valuation distribution in sequential English auctions

Kim, Dongwoo; Kim, Kyoo Il; Pal, Pallavi - 2026

This paper extends the incomplete model of Haile and Tamer (2003) from static English auctions to sequential English auctions. Because bidders may wait for future opportunities, the static condition that bidders do not let rivals win at beatable prices need not hold. We replace it with a dynamic...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015643934

Nonparametric estimation of English auctions with selective entry : an application to online judicial auctions

Liu, Nianqing; Xu, Kexin - 2024

This paper proposes an estimation approach following the constructive identification strategy of Athey and Haile, and Gentry and Li with adaption in the context of ascending auctions with selective entry. Our estimators are shown to be consistent in a large sample and to perform well in a finite...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015063911

Auction design and order of sale with budget-constrained bidders

Bergmann, Ulrich; Konovalov, Arkady - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015045753

Bidding for firms : subsidy competition in the United States

Slattery, Cailin - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015454008

Promoting entry and efficiency via reserve prices

Michelucci, Fabio - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015471912

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Promoting entry and efficiency via reserve prices

Michelucci, Fabio - 2022

Article

An information-theoretic approach to partially identified auction models

Jun, Sung Jae; Pinkse, Joris - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015073888

Identification in English auctions with shill bidding

Marshall, Guillermo - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015127376

A Sealed-Bid Auction that Matches the English Auction

Wolfstetter, Elmar; Perry, Motty; Zamir, Shemuʾel - 2021

This paper analyzes a two-stage sealed-bid auction that is frequently employed in privatization, takeover, and merger and acquisition contests. This auction format yields the same expected revenue as the open ascending (English) auction, yet is less susceptible to preemptive bidding and collusion

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013321427

Sample Spacings for Identification : The Case of English Auctions With Absentee Bidding

Marra, Marleen - 2020

This paper presents new nonparametric identification results for ascending auctions with independent private values. The standard identification approach is infeasible in the motivating setting, because absentee bidding conceals the number of bidders. I exploit insights from the statistics...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014096161

It ain't over until it's over : English auctions with subsequent negotiations

Koska, Onur A.; Stähler, Frank - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012671470

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It ain't over until it's over : English auctions with subsequent negotiations

Koska, Onur A.; Stähler, Frank - 2020

Book / Working Paper

Cartel stability in experimental first-price sealed-bid and English auctions

Hinloopen, Jeroen; Onderstal, Sander; Treuren, Leonard - 2020

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012593087

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Cartel stability in experimental first-price sealed-bid and English auctions

Hinloopen, Jeroen - 2020

Book / Working Paper

Reserve prices and bidder participation in an English auction : the case of Atlantic Cod in Norway

Zhang, Dengjun; Sogn-Grundvåg, Geir - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014317293

Misbehavior in common value auctions : bidding rings and shills

Levin, Dan; Peck, James - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014228926

Cartel stability in experimental auctions

Hinloopen, Jeroen; Onderstal, Sander; Treuren, Leonard - 2019

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012114762

English versus Vickrey auctions with loss averse bidders

von Wangenheim, Jonas - 2019

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011959346

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English versus Vickrey Auctions with Loss Averse Bidders

von Wangenheim, Jonas - 2017

Book / Working Paper

English versus Vickrey auctions with loss-averse bidders

Wangenheim, Jonas von - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012815426

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English versus Vickrey auctions with loss averse bidders

Wangenheim, Jonas von - 2019

Book / Working Paper

English versus Vickrey auctions with loss averse bidders

Wangenheim, Jonas von - 2017

Book / Working Paper

Cartel stability in experimental auctions

Hinloopen, Jeroen; Onderstal, Sander; Treuren, Leonard - 2019

Using laboratory experiments, we compare the stability of bidding rings in the English auction and the first-price sealed-bid auction in a heterogeneous-value setting. In both a re-matching condition and a fixed-matching condition, we observe that biddings rings are more stable in the English...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011960510

Lease auctions with retention options

Chandrakar, Pranjal; Das, Shubhabrata; Bhalla, Manaswini - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013167343

Identification of English auctions when losing entrants are not observed

Kong, Yunmi - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013483810

Bidding behavior in the housing market under different market regimes

Olaussen, Jon Olaf; Oust, Are; Sønstebø, Ole Jakob - 2018

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012611029

Bidding behavior in the housing market under different market regimes

Olaussen, Jon Olaf; Oust, Are; Sønstebø, Ole Jakob - 2018

The aim of this paper is to investigate whether different market regimes affect bidding behavior in housing auctions. Taking advantage of special circumstances in the Norwegian housing market in 2015 and 2016, we conduct a survey involving 1803 respondents in three of Norway’s largest cities,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011895729

Does suspending an English Auction increase revenues?

Zhang, Sookie Xue; Bayer, Ralph-C. - 2018

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011939782

Identifying Collusion in English Auctions

Marmer, Vadim - 2017

We develop a fully nonparametric identification framework and a test of collusion in ascending bid auctions. Assuming efficient collusion, we show that the underlying distributions of values can be identified despite collusive behaviour when there is at least one bidder outside the cartel. We...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012969943

Incomplete English auction models with heterogeneity

Chesher, Andrew; Rosen, Adam M. - 2017

This paper studies identification and estimation of the distribution of bidder valuations in an incomplete model of English auctions. As in Haile and Tamer (2003) bidders are assumed to (i) bid no more than their valuations and (ii) never let an opponent win at a price they are willing to beat....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011654478

Does jump bidding increase sellers' revenue? : theory and experiment

Lim, Wooyoung; Xiong, Siyang - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012660171

Opening bid strategies in english auctions

Sønstebø, Ole Jakob; Olaussen, Jon Olaf; Oust, Are - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012483809

Regret under different auction designs : the case of English and Dutch auctions

Malekovic, Ninoslav; Goutas, Lazaros; Sutanto, Juliana; … - 2020

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012419472

Sequential English auctions : a theory of opening-bid fi shing

Podwol, Joseph Uri - 2015

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011333615

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Sequential English Auctions : A Theory of Opening-Bid Fishing

Podwol, Joseph - 2015

Book / Working Paper

English auctions with ensuing risks and heterogeneous bidders

Hu, Audrey Xianhua; Matthews, Steven A.; Zou, Liang - 2018

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012105385

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English Auctions with Ensuing Risks and Heterogeneous Bidders

Hu, Audrey Xianhua - 2015

Book / Working Paper

Identification of the distribution of valuations in an incomplete model of English auctions

Chesher, Andrew; Rosen, Adam M. - 2015

An incomplete model of English auctions with symmetric independent private values, similar to the one studied in Haile and Tamer (2003), is shown to fall in the class of Generalized Instrumental Variable Models introduced in Chesher and Rosen (2014). A characterization of the sharp identi.ed set...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011285392

English auctions with ensuing risks and heterogeneous bidders

Hu, Audrey Xianhua; Matthews, Steven A.; Zou, Liang - 2015

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010490913

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English Auctions with Ensuing Risks and Heterogeneous Bidders

Hu, Audrey; Matthews, Steven A.; Zou, Liang - 2015

Book / Working Paper

How risk sharing may enhance efficiency in English auctions

Hu, Audrey; Offerman, Theo; Zou, Liang - 2014

We investigate the possibility of enhancing efficiency by awarding premiums to a set of highest bidders in an English auction - in a setting that extends Maskin and Riley (1984, Econometrica 52: 1473-1518) in three aspects: (i) the seller can be risk averse, (ii) the bidders can have...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010234599

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How Risk Sharing may enhance Efficiency in English Auctions

Hu, Audrey; Offerman, Theo; Zou, Liang - 2014

Book / Working Paper

How Risk Sharing may enhance Efficiency in English Auctions

Hu, Audrey; Offerman, Theo; Zou, Liang - 2014

Book / Working Paper

How Risk Sharing May Enhance Efficiency in English Auctions

Hu, Audrey - 2014

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013060058

Arriving in Time : Estimation of English Auctions with a Stochastic Number of Bidders

Canals-Cerda, José J.; Pearcy, Jason - 2014

We develop a new econometric approach for estimation of second-price ascending-bid auctions with a stochastic number of bidders. Our empirical framework considers the arrival process of new bidders as well as the distribution of bidders’ valuations of objects being auctioned. By observing the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014054339

Predicting dwelling prices with consideration of the sales mechanism

Genesove, David; Hansen, James - 2014

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010410633

Reference-dependent bidding in dynamic auctions : conference paper

Ehrhart, Karl-Martin; Ott, Marion - 2014 - Preliminary and incomplete. This draft: June 24, 2014

We investigate equilibrium bidding behavior of bidders with reference-dependent preferences and independent private values in single-unit English and Dutch clock auctions. Bidders' reference points are endogenous and determined by their strategy and their beliefs about the other bidders. In...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010490656

Interdependent value auctions with insider information : theory and experiment

Choi, Syngjoo; Guerra, José-Alberto; Kim, Jinwoo - 2019

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012226605

How obvious is the dominant strategy in an English Auction? : experimental evidence

McGee, Peter; Levin, Dan - 2019

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012138712

Going once, going twice, reported!

Hinloopen, Jeroen; Onderstal, Sander - 2013

We experimentally examine the effectiveness of antitrust policies against bidding rings in theEnglish auction (EN) and the first-price sealed-bid auction (FP). We consider both traditionalantitrust policy (without a leniency program) and modern antitrust policy (with a leniencyprogram). In EN,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011379129

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Going Once, Going Twice, Reported!

Hinloopen, Jeroen; Onderstal, Sander - 2009

Book / Working Paper

Going Once, Going Twice, Reported!

Hinloopen, Jeroen; Onderstal, Sander - 2009

Book / Working Paper

Collusion and the choice of auction : an experimental study

Hinloopen, Jeroen; Onderstal, Sander - 2013

We experimentally examine the collusive properties of two commonly used auctions: the English auction (EN) and the first-price sealed-bid auction (FPSB). In theory, both tacit and overt collusion are always incentive compatible in EN while both can be incentive compatible in FPSB if the auction...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011382492

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Collusion and the Choice of Auction: An Experimental Study

Hinloopen, Jeroen; Onderstal, Sander - 2010

Book / Working Paper

Collusion and the Choice of Auction: An Experimental Study

Hinloopen, Jeroen; Onderstal, Sander - 2010

Book / Working Paper

Collusion and the Choice of Auction: An Experimental Study

Hinloopen, Jeroen; Onderstal, Sander - 2010

Book / Working Paper

Sequential rules for house allocation with price restrictions

Andersson, Tommy; Svensson, Lars-Gunnar - 2018

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011976509

Mid-auction information acquisition

Rezende, Leonardo - 2018

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011949355

On the efficiency of the first price auction

Hernando-Veciana, Ángel; Michelucci, Fabio - 2017

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011822394

Spite and reciprocity in auctions

Nishimura, Naoko; Cason, Timothy N.; Saijo, Tatsuyoshi; … - 2011

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010369395

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Spite and Reciprocity in Auctions

Nishimura, Naoko; Cason, Timothy N.; Saijo, Tatsuyoshi; … - 2011

Article

A race beyond the bottom : the nature of bidding for a firm

Furusawa, Taiji; Hori, Kazumi; Wooton, Ian - 2015

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011303682

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A race beyond the bottom: The nature of bidding for a firm

Furusawa, Taiji; Hori, Kazumi; Wooton, Ian - 2010

Book / Working Paper

A Race beyond the Bottom: The Nature of Bidding for a Firm

Furusawa, Taiji; Hori, Kazumi; Wooton, Ian - 2010

Book / Working Paper

Art Auctions

Ashenfelter, Orley; Graddy, Kathryn - 2010

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010720752

Does Asymmetric Information Affect the Premium in Mergers and Acquisitions?

Dionne, Georges; Haye, Mélissa La; Bergères, Anne-Sophie - 2010

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10008512961

Generalized lot sentencing rule for estimating the value of production lot for sale

Darwish, Mohammed A.; Abdulmalek, Fawaz - 2016

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011575586

On Effciency of the English Auction

Birulin, Oleksii; Izmalkov, Sergei - 2009

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10008617094

Second Best Efficiency and the English Auction

Hernando-Veciana, Ángel - 2009

We characterize the incentive compatible allocation that maximizes the expected social surplus in a single-unit sale when the efficient allocation is not implementable. We then show that allowing for the possibility that the good remains unsold may increase the expected social surplus even when...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013156378