Auctions with endogenous participation and an uncertain number of bidders: experimental evidence
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DOI: 10.1007/s10683-017-9558-8
Abstract: Attracting bidders to an auction is a key factor in determining revenue. We experimentally investigate entry and bidding behavior in first-price and English clock auctions to determine the revenue implications of entry. Potential bidders observe… read more here.
Keywords: bidders experimental; number; auction; first price ... See more keywords
Cartel stability in experimental first-price sealed-bid and English auctions
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DOI: 10.1016/j.ijindorg.2020.102642
Abstract: Abstract Using laboratory experiments, we compare the stability of bidding rings in the first-price sealed-bid auction and the English auction in a heterogeneous-value setting. In both a re-matching condition and a fixed-matching condition, we observe… read more here.
Keywords: bid auction; sealed bid; auction; price sealed ... See more keywords
Monotonicity-constrained nonparametric estimation and inference for first-price auctions
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DOI: 10.1080/07474938.2021.1889198
Abstract: Abstract In the independent private values framework for first-price auctions, we propose a new nonparametric estimator of the probability density of latent valuations that imposes the monotonicity constraint on the estimated inverse bidding strategy. We… read more here.
Keywords: price auctions; first price; monotonicity constrained; constrained nonparametric ... See more keywords
Sublicense and cartel enforcement mechanism in first price auction*
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DOI: 10.1080/17441056.2019.1592416
Abstract: ABSTRACT In 2017, the Italian Competition Authority opened a cartel investigation regarding the auction of international television sport rights. In particular, prior to several auctions, bidders have agreed to sublicense the audio-visual football rights in… read more here.
Keywords: mechanism; sublicense; auction; cartel ... See more keywords
First-Price Split-Award Auctions in Procurement Markets with Economies of Scale: An Experimental Study
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DOI: 10.1111/poms.12947
Abstract: We experimentally study first‐price split‐award auction formats as they can be found in procurement markets where suppliers have economies of scale. Our analysis includes sequential and combinatorial auctions, which allow for bids on the package… read more here.
Keywords: economies scale; split award; first price; auction ... See more keywords