Auctions With Endogenous Participation And Quality Thresholds
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Auctions With Endogenous Participation And Quality Thresholds
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Author : Antonio Estache
language : en
Publisher:
Release Date : 2009
Auctions With Endogenous Participation And Quality Thresholds written by Antonio Estache and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
A Note On Auctions With Endogenous Participation
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Author : Flávio Marques Menezes
language : en
Publisher:
Release Date : 1996
A Note On Auctions With Endogenous Participation written by Flávio Marques Menezes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Auctions categories.
In this paper, we study an auction where bidders only know the number of potential applicants. After seeing their values for the object, bidders decide whether or not to enter the auction. Players may not want to enter the auction since they have to pay participation costs. We characterize the optimal bidding strategies for both first- and second- price sealed-bid auction when participation is endogenous. We show that only bidders with values greater than a certain cut-off point will bid in these auctions. In this context, both auctions generate the same expected revenue. We also show that, contrarily to the predictions of the fixed-n literature, the seller's expected revenue may decrease when the number of potential participants increases. In addition, we show that it is optimal for the seller to charge an entry fee, which contrasts greatly with results from the existing literature on auctions with entry.
Sequential Asymmetric Auctions With Endogenous Participation
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Author : Flavio M. Menezes
language : en
Publisher:
Release Date : 1994
Sequential Asymmetric Auctions With Endogenous Participation written by Flavio M. Menezes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Auctions categories.
Asymmetric Auctions With Endogenous Participation
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Author : Robert Marquez
language : en
Publisher:
Release Date : 2018
Asymmetric Auctions With Endogenous Participation written by Robert Marquez and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
We study endogenous participation in asymmetric second price auctions where one bidder is "special". We show seller revenue decreases whenever the special bidder becomes more dominant in the sense of FOSD, or more generally whenever the other bidders' profits are reduced. We also establish an equivalence result for second price auctions - any arbitrary distribution of the special bidder's value is "competitively equivalent" to one that is a power function of the value distribution of the other bidders. Finally, we analyze first-price auctions numerically and show that our results extend to this alternate mechanism.
Emerging Issues In Competition Collusion And Regulation Of Network Industries
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Author : Antonio Estache
language : en
Publisher: CEPR
Release Date : 2011
Emerging Issues In Competition Collusion And Regulation Of Network Industries written by Antonio Estache and has been published by CEPR this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
This book presents a comprehensive review of the vast economic literature covering the governance issues of network industries and suggests paths to improve their efficiences.
Auctions With Endogenous Bidder Participation
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Author : Ronald M. Harstad
language : de
Publisher:
Release Date : 1993
Auctions With Endogenous Bidder Participation written by Ronald M. Harstad and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.
Auctions Vs Negotiations
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Author : Mengxi Zhang
language : en
Publisher:
Release Date : 2018
Auctions Vs Negotiations written by Mengxi Zhang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
This paper studies the design of the revenue maximizing selling mechanism in a scenario where bidders can make costly investments upfront to enhance their valuations. Unlike the case where bidders' values are exogenously fixed, here it may be profitable for the seller to discriminate among ex ante symmetric bidders. I first identify a sufficient and almost necessary condition under which symmetric auctions are optimal. When this condition fails, the optimal selling mechanism may be discriminatory. I further find that the optimal mechanism in general follows a structure which I call a threshold mechanism. Two extreme examples of the threshold mechanism are symmetric auctions and sequential negotiations. In general, any threshold mechanism can be implemented by a dynamic selling scheme which alternately utilizes auctions and negotiations.
Global Corruption Report Climate Change
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Author : Transparency International
language : en
Publisher: Routledge
Release Date : 2013-11-26
Global Corruption Report Climate Change written by Transparency International and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-26 with Political Science categories.
The global response to climate change will demand unprecedented international cooperation, deep economic transformation and resource transfers at a significant scale. Corruption threatens to jeopardise these efforts. Transparency International's Global Corruption Report: Climate Change is the first publication to comprehensively explore such corruption risks. More than fifty leading experts and practitioners contribute, covering four key areas: governance: investigating major governance challenges towards tackling climate change mitigating climate change: reducing greenhouse gas emissions with transparency and accountability adapting to climate change: identifying corruption risks in climate-proofing development, financing and implementation of adaptation forestry governance: responding to the corruption challenges plaguing the forestry sector, and how these challenges need to be integrated into current international strategies to halt deforestation and promote reforestation. The Global Corruption Report: Climate Change provides essential policy analysis to help policy-makers, practitioners and other stakeholders understand these risks and develop effective responses at a critical point in time when the main architecture for climate governance is being developed.
The World Bank Research Program 2008 2009
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Author : World Bank
language : en
Publisher: World Bank Publications
Release Date : 2009
The World Bank Research Program 2008 2009 written by World Bank and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Economic history categories.
'The World Bank Research Program 2008-2009: Abstracts of Current Studies' is a compendium of research projects initiated, ongoing, or completed in fiscal years 2008 to 2009 by World Bank staff and consultants.
Putting Auction Theory To Work
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Author : Paul Milgrom
language : en
Publisher: Cambridge University Press
Release Date : 2004-01-12
Putting Auction Theory To Work written by Paul Milgrom and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01-12 with Business & Economics categories.
This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.