The Scope Of Auctions In The Presence Of Downstream Interactions And Information Externalities
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The Scope Of Auctions In The Presence Of Downstream Interactions And Information Externalities
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Author : Onur A. Koska
language : en
Publisher:
Release Date : 2016
The Scope Of Auctions In The Presence Of Downstream Interactions And Information Externalities written by Onur A. Koska and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Auctions With Downstream Interaction Among Buyers
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Author : Philippe Jehiel
language : en
Publisher:
Release Date : 1998
Auctions With Downstream Interaction Among Buyers written by Philippe Jehiel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Auctions categories.
Auctions Of Digital Goods With Externalities
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Author : Maryann Z. Rui
language : en
Publisher:
Release Date : 2020
Auctions Of Digital Goods With Externalities written by Maryann Z. Rui and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
Data is increasingly important for firms, regulators, and researchers to develop accurate models for decision-making. Since data sets often need to be externally acquired, a systematic way to value and trade data is necessary. Moreover, buyers of data often interact with each other downstream, such as firms competing in a market. In this setting, an allocation of data may not only benefit the buying firm, but also impose negative externalities on the firm’s competitors. The way data is allocated and sold should thus depend on the particulars of its downstream usage and the interaction between data buyers. We capture the problem of valuing and selling data sets to buyers who interact downstream within the general framework of auctions of digital, or freely replicable, goods. We study the resulting single-item and multi-item mechanism design problems in the presence of additively separable, negative allocative externalities among bidders. Two settings of bidders’ private types are considered, in which bidders either know the externalities that others exert on them or know the externalities that they exert on others. We obtain forms of the welfare-maximizing (efficient) and revenue-maximizing (optimal) auctions of single digital goods in both settings and highlight how the information structure affects the resulting mechanisms. We find that in all cases, the resulting allocation rules are deterministic single thresholding functions for each bidder. For auctions of multiple digital goods, we assume that bidders have independent, additive valuations over items and study the first setting of privately known incoming externalities. We show that the welfare-maximizing mechanism decomposes into multiple efficient single-item auctions using the Vickrey-Clarke-Groves mechanism. Under revenue-maximization, we show that selling items separately via optimal single-item auctions yields a guaranteed fraction of the optimal multi-item auction revenue. This allows us to construct approximately revenue-maximizing multi-item mechanisms using the aforementioned optimal single-item mechanisms.
Combinatorial Auctions
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Author : Peter C. Cramton
language : en
Publisher: MIT Press (MA)
Release Date : 2006
Combinatorial Auctions written by Peter C. Cramton and has been published by MIT Press (MA) this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
A synthesis of theoretical and practical research on combinatorial auctions from the perspectives of economics, operations research, and computer science.
Electricity Auctions
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Author : Luiz Maurer
language : en
Publisher: World Bank Publications
Release Date : 2011-07-25
Electricity Auctions written by Luiz Maurer 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 2011-07-25 with Business & Economics categories.
Electricity-contract auctions have been getting increased attention as they have emerged as a successful mechanism to procure new generation capacity and. This book presents a comprehensive overview of international experiences in auction design and implementation.
Renewable Auction Design In Theory And Practice
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Author : Michael Hochberg
language : en
Publisher:
Release Date : 2018
Renewable Auction Design In Theory And Practice written by Michael Hochberg and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Clean energy industries categories.
Auction Theory
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Author : Vijay Krishna
language : en
Publisher: Academic Press
Release Date : 2009-09-28
Auction Theory written by Vijay Krishna and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-09-28 with Business & Economics categories.
Auction Theory, Second Edition improves upon his 2002 bestseller with a new chapter on package and position auctions as well as end-of-chapter questions and chapter notes. Complete proofs and new material about collusion complement Krishna’s ability to reveal the basic facts of each theory in a style that is clear, concise, and easy to follow. With the addition of a solutions manual and other teaching aids, the 2e continues to serve as the doorway to relevant theory for most students doing empirical work on auctions. Focuses on key auction types and serves as the doorway to relevant theory for those doing empirical work on auctions New chapter on combinatorial auctions and new analyses of theory-informed applications New chapter-ending exercises and problems of varying difficulties support and reinforce key points
Papua New Guinea Critical Development Constraints
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Author : Asian Development Bank
language : en
Publisher: Asian Development Bank
Release Date : 2012-04-01
Papua New Guinea Critical Development Constraints written by Asian Development Bank and has been published by Asian Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-04-01 with Business & Economics categories.
Papua New Guinea's economic growth has outpaced the majority of economies in Southeast Asia and the Pacific since 2007. Its development challenges, however, remain daunting, and it lags behind other countries in the region in terms of per capita income and achievement of the Millennium Development Goals. This raises the question of how the country can make its economic growth high, sustained, inclusive, and broad-based to more effectively improve its population's welfare. This report identifies the critical constraints to these objectives and discusses policy options to help overcome such constraints.
Auctioning Public Assets
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Author : Maarten Christiaan Wilhelmus Janssen
language : en
Publisher: Cambridge University Press
Release Date : 2004
Auctioning Public Assets written by Maarten Christiaan Wilhelmus Janssen 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 with Business & Economics categories.
In many countries all over the world, governments are privatising firms that were previously under public control. This is happening, for example, in public utility sectors such as gas, water and electricity, in transport sectors (such as rail and metro) and in radio and telephony. This book provides an overview of the economic issues that are involved in this transfer of ownership of public assets. Combining a theoretical framework with a set of case studies of recent sales of state-owned assets from Europe and the USA, it asks which sort of allocation mechanism can a government adopt? Which is most suited to a particular sale? And how will the choice of allocation mechanism affect future market outcomes? With contributions from international experts, this book offers an accessible introduction to auction theory and an invaluable, non-technical analysis of existing knowledge. It will be of interest to students, non-specialists and policy-makers alike.
Domestic Regulation And Service Trade Liberalization
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Author : Pierre Sauve
language : en
Publisher: World Bank Publications
Release Date : 2003-08-29
Domestic Regulation And Service Trade Liberalization written by Pierre Sauve 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 2003-08-29 with Political Science categories.
Trade in services, far more than trade in goods, is affected by a variety of domestic regulations, ranging from qualification and licensing requirements in professional services to pro-competitive regulation in telecommunications services. Experience shows that the quality of regulation strongly influences the consequences of trade liberalization. WTO members have agreed that a central task in the ongoing services negotiations will be to develop a set of rules to ensure that domestic regulations support rather than impede trade liberalization. Since these rules are bound to have a profound impact on the evolution of policy, particularly in developing countries, it is important that they be conducive to economically rational policy-making. This book addresses two central questions: What impact can international trade rules on services have on the exercise of domestic regulatory sovereignty? And how can services negotiations be harnessed to promote and consolidate domestic policy reform across highly diverse sectors? The book, with contributions from several of the world's leading experts in the field, explores a range of rule-making challenges arising at this policy interface, in areas such as transparency, standards and the adoption of a necessity test for services trade. Contributions also provide an in-depth look at these issues in the key areas of accountancy, energy, finance, health, telecommunications and transportation services.