Participation in auctions
نویسندگان
چکیده
منابع مشابه
Participation in Dynamic Auctions
We study participation decisions and bidding behaviour in Michigan Department of Transportation procurement auctions. Patterns in the bidding data suggest that bidders’ participation behaviour has a forward looking component and could generate asymmetries between bidders. To fully understand the extent of these effects on auction outcomes, we construct and estimate a dynamic asymmetric auction ...
متن کاملParticipation in auctions
Participation (preparing offers) in auction and procurement games—e.g., bidding for spectrum rights or for control of corporations—is very costly, which calls for analyzing participation (no less than how to play the games) as part of equilibrium. The result is a model with bi-dimensional distribution of types (as in [Jackson, M.O., 1999. Nonexistence of equilibria in auctions with both private...
متن کاملEndogenous Participation in Charity Auctions
7 Article history: 8 Received 5 September 2007 9 Received in revised form 19 March 2010 10 Accepted 31 May 2010 11 Available online xxxx 1234 15
متن کاملOptimal Auctions with Participation Costs
We study the optimal auction problem with participation costs in the symmetric independent private values setting, where bidders know their valuations when they make independent participation decisions. After characterizing the optimal auction in terms of participation cuto¤s, we provide an example where it is asymmetric. We then investigate when the optimal auction will be symmetric/asymmetric...
متن کاملA Study of Participation in Dynamic Auctions
We study participation and bidding decisions in repeated Michigan Department of Transportation procurement auctions. The key finding is that dynamic linkages in auctions exist in the participation stage of the game. As a result, with forward looking bidders we find that the sequencing of contracts by size can be used to influence competition within an auction. To fully understand the extent of ...
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ژورنال
عنوان ژورنال: Games and Economic Behavior
سال: 2007
ISSN: 0899-8256
DOI: 10.1016/j.geb.2006.08.010