First Price Auctions
Commitment in first-price auctions
... standard first-price auction, bidders send an offer to the auctioneer in the first ...a first-price auction: A profit maximizing auctioneer will always select the highest ...offer. ...
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Evolutionary Stability of First Price Auctions
... in first–price auctions look like? We shall show next that for “many” initial distributions, in particular those with full support, the bidding behavior is close to the Nash ...
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Speculation in First-Price Auctions with Resale
... Haile (1999, 2003), Gupta and Lebrun (1999), and Krishna (2002, Ch. 4.4) analyze first-price auctions with resale. None of these papers considers possible entry of speculators. Gupta and Lebrun ...
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Tight Bounds for the Price of Anarchy of Simultaneous First Price Auctions
... for first-price auctions with fractionally subadditive valuations which reveals the worst-case price distribution, that is used as a building block for the matching lower bound ...bidding ...
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Imposing Monotonicity Nonparametrically in First Price Auctions
... 6 Conclusion Nonparametric methods have become increasingly popular tools in econometrics given their flexibility. However, a shortcoming often pointed out is at times the researchers has some prior information, most ...
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Quantile regression methods for first-price auctions
... Timber auctions data have been used in several empirical studies (see Athey and Levin (2001), Athey, Levin and Seira (2011) Li and Zheng (2012), Aradillas-Lopez, Gandhi and Quint (2013) among ...aggregates ...
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Allotment in first-price auctions: an experimental investigation
... value auctions. We compare a bundling first-price auction with two equivalent treatments where allotment is implemented: a two-unit dis- criminatory auction and two simultaneous single-unit ...
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Synergies are a reason to prefer first-price auctions!
... the first-price ...sealed-bid auctions are always efficient whereas first-price sealed-bid auctions are ...a first-price auction can be preferred since the ...
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Empirical relevance of ambiguity in first-price auctions
... of first-price auctions with independent private values if bidders face ambiguity about the valuation distribu- tion and have maxmin expected ...timber auctions in the Pacific ...
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Numerical Analysis of Asymmetric First Price Auctions
... between first price and second price auctions when bidders are ex-ante asymmetric, and when asymmetric bidders ...descending price auction is strategically equivalent to the ...
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Quantile Based Nonparametric Inference for First Price Auctions
... Keywords : First-price auctions, independent private values, nonparametric estimation, kernel estimation, quantiles, optimal reserve price. 1 Introduction Following the seminal article of ...
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Information disclosure by a seller in sequential first-price auctions
... I study sequential first-price auctions where two items are sold to two bidders with private binary valuations. A seller, prior to the second auction, can publicly disclose some information about the ...
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Impulse Balance Equilibrium and Feedback in First Price Auctions
... private-value first-price auctions with four bidders, in which feedback is given only on the price, to other auctions in which bidders are additionally informed about the losing bids ...
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Endogenous worst-case beliefs in first-price auctions
... in first-price ...a first-price auction who, apart from the mean of the distribution, have little information about the valuations of their competitors prepare for the worst ...by ...
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Privacy-Enhancing First-Price Auctions Using Rational Cryptography
... classical auctions model in the (pure) mediated ...privacy-enhanced auctions, where we describe in details our circuit-based communication and computational model, our hybrid utility model and our ...
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Supplement to "Quantile-Based Nonparametric Inference for First-Price Auctions"
... This paper contains supplemental materials for Marmer and Shneyerov (2010), MS hereafter. Section S.2 discusses how the approach developed in MS can be applied to conducting inference on the optimal reserve price ...
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Fixed-Prize Tournaments versus First-Price Auctions in Innovation Contests
... 1 Introduction A buyer who wishes to procure an innovative good or service usually cares about the quality of the innovation, which is affected by suppliers’ investments in R&D. Since investments and quality are often ...
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Supplement to "What Model for Entry in First-Price Auctions? A Nonparametric Approach"
... Chen, K., and S. H. Lo (1997): “On a Mapping Approach to Investigating the Bootstrap Accuracy,” Probability Theory and Related Fields, 107(2), 197–217. Marmer, V., A. Shneyerov, and P. Xu (2011): “What Model for Entry in ...
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Bidding at Sequential First-Price Auctions with(out) Supply Uncertainty: A Laboratory Analysis
... single-unit first-price auctions with private-independent values (Cox, Roberson and Smith, 1982, and Cox, Smith and Walker, 1988), our data would suggest that bidders behave as if they were risk ...
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Bribing in First-Price Auctions: Corrigendum
... We clarify the sufficient condition for a trivial equilibrium to exist in the model of Rachmilevitch (2013). Rachmilevitch (2013), henceforth R13, studies the following game. Two ex ante identical players are about to ...
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