搜索结果: 1-15 共查到“经济学 Auctions”相关记录58条 . 查询时间(0.084 秒)
The role of participants’ competitiveness in consumers’ valuation for food products using experimental auctions
bids lamb meat Spain
2015/10/29
The aim of the paper is to assess the effect of the participants’ competitiveness on their valuation for food products. Specifically, to investigate the effect of the participants’ competitiveness on ...
When Should Sellers Use Auctions?
Auctions Entry Selection Mechanism Design Mergers and Acquisitions
2015/9/24
A bidding process can be organized so that offers are submitted simultaneously orsequentially. In the latter case, potential buyers can condition their behavior on previous entrants’ decisions. The re...
Why do we observe overbidding in first
price private value auctions? This paper aims
to answer this question, which has been extensively
studied in the literature, from a nonstandard
point of view...
Understanding Overbidding: Using the Neural Circuitry of Reward to Design Economic Auctions
Neural Circuitry Economic Auctions
2015/9/23
We take advantage of our knowledge of the neural circuitry of reward to investigate a puzzling
economic phenomenon: Why do people overbid in auctions? Using functional magnetic resonance
imaging (fM...
Losing the auction at an affordable price generates loser regret. In third price auctions if bidders anticipate
loser regret, then in line with the experimental findings, in a symmetric equilibrium t...
Discrete Clock Auctions: An Experimental Study
Clock auctions Pricing rules Market design Experiments
2015/9/23
We analyze the implications of different pricing rules in discrete clock
auctions. The two most common pricing rules are highest-rejected bid (HRB) and
lowest-accepted bid (LAB). Under HRB, the winn...
In auctions where a seller can post a reserve price but if the object fails to sell cannot commit never to attempt to resell it, revenue equivalence between repeated first price and second price aucti...
Common-Value Auctions with Liquidity Needs: An Experimental Test of a Troubled Assets Reverse Auctions
financial crisis uniform-price auction clock auction
2015/9/23
We report the results of an experimental test of alternative auction designs suitable for pricing
and removing troubled assets from banks’ balance sheets as part of the financial rescue
planned by t...
How to Set Minimum Acceptable Bids,with an Application to Real Estate Auctions
Minimum Acceptable Bids Real Estate Auctions
2015/9/23
In a general auction model with affiliated signals, common components to valuations and endogenous entry, we compute the equilibrium bidding strategies and outcomes, and derive a lower bound on the op...
Tariffying Auctions
Tariffying Auctions
2015/9/23
A strategy to convert quotas to tariffs is to auction the quota rights and use the realized auction prices as guides to setting tariffs. In the 1980's, New Zealand employed auctions to allocate quota ...
Multi-Object Auctions with Resale: Theory and Experiment
Multi-object Auctions Vickrey Second-Price Package Resale
2015/9/23
We study multi-object auctions in the presence of post-auction trade
opportunities among bidders who have either single- or multi-object demand. We
focus on two formats: Vickrey auctions where packa...
Public discussion has turned, in the past few days, toward using some of the $700 billion in
rescue funds for the injection of government money into banks in return for ownership stakes.
The purpo...
Comment on Hoerger: Early Pilots of Medicare Auctions Brings No Solace to Auction Experts
Medicare Auctions Brings Auction Experts
2015/9/18
Our Economists’ Voice column sumthe current and proposed Medicare auctions. The column was based on a careful
reading and analysis of the auction rules.
Synergies in Wireless Telephony: Evidence from the Broadband PCS Auctions
Multi-Object Auctions Spectrum Auctions
2015/9/18
We examine bid data from the first two broadband PCS spectrum auctions for evidence of value
synergies. First, we estimate a benchmark regression for the determinants of final auction prices.
This paper analyzes six spectrum auctions conducted by the Federal Communications
Commission (FCC) from July 1994 to May 1996. These auctions were simultaneous multipleround auctions in which collec...