|
EconStor >
Humboldt-Universität Berlin >
Sonderforschungsbereich 373: Quantification and Simulation of Economic Processes, Humboldt-Universität Berlin >
Discussion Papers, SFB 373, HU Berlin >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/62158
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Jeitschko, Thomas D. | | en_US |
| dc.contributor.author | | Wolfstetter, Elmar | | en_US |
| dc.date.accessioned | | 2012-09-07T15:38:47Z | | - |
| dc.date.available | | 2012-09-07T15:38:47Z | | - |
| dc.date.issued | | 1999 | | en_US |
| dc.identifier.pi | | urn:nbn:de:kobv:11-10047229 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/62158 | | - |
| dc.description.abstract | | We consider auction games where, prior to the auction, bidders spend resources to increase their valuations. The market game is solved by solving an equivalent auxiliary social choice problem. We show that standard auctions are fully efficient, whereas reserve price requirements entail a double inefficiency. Moreover, we explain how optimal auctions differ from the well-known static optimum, and sketch the impact of information spillovers. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Humboldt-Universität Berlin | | en_US |
| dc.relation.ispartofseries | | Discussion Papers, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes 2000,18 | | en_US |
| dc.subject.jel | | D44 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | auctions | | en_US |
| dc.subject.keyword | | procurement | | en_US |
| dc.title | | Auctions when bidders prepare by investing in ideas | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 723718679 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Discussion Papers, SFB 373, HU Berlin
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|