Results 11 to 20 of about 443,162 (297)
Procurement Bidding in First-Price and Second-Price Sealed Bid Common Value Auctions [PDF]
, 1999 Within the framework of the common value model, we examine the magnitude of the difference in expected outcome between first-price and second-price sealed bid auctions. The study is limited to two empirical specifications of bidders signals: Weibull and normal distribution.
Lunander, Anders
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On the lowest-winning-bid and the highest-losing-bid auctions [PDF]
, 2006 Theoretical models of multi-unit, uniform-price auctions assume that the price is given by the highest losing bid. In practice, however, the price is usually given by the lowest winning bid.
Bikhchandani +13 more
core +1 more source
Going, going, gone: competitive decision-making in Dutch auctions
Cognitive Research, 2020 In a Dutch auction, an item is offered for sale at a set maximum price. The price is then gradually lowered over a fixed interval of time until a bid is made, securing the item for the bidder at the current price. Bidders must trade-off between certainty
Murray Bennett +5 more
doaj +1 more source
Robust bidding and revenue in descending price auctions [PDF]
Journal of Economic Theory, 2022 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Sarah Auster, Christian Kellner
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The Effect of New Inside and Outside Information on Liquidity in Iran’s Stock Market [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2022 The expected value of a company’s stock can change in response to new inside and outside information, depending on the nature of the company. The main purpose of this paper is to test the effect of new and different types of information on the bid-ask ...
Mahdieh Akbari Roshan +2 more
doaj +1 more source
Unlocking the secrets of exchange rate determination in Malaysia: A Game-Changing hybrid model
Heliyon, 2023 Nominal exchange rate determination is a puzzling phenomenon throughout the literature. Thus, the study aims to analyze the nominal exchange rate determination with a hybrid approach of macroeconomic and microstructure determinants, i.e., interest rate ...
Shamaila Butt +4 more
doaj +1 more source
Optimal Design Of English Auctions With Discrete Bid Levels [PDF]
, 2007 This paper considers a form of ascending price English auction widely used in both live and online auctions. This discrete bid auction requires that the bidders submit bids at predetermined discrete bid levels, and thus, there exists a minimal increment ...
David, Esther +5 more
core +1 more source
Revenue Equivalence Revisited [PDF]
, 2006 The conventional wisdom in the auction design literature is that first price sealed bid auctions tend to make more money while ascending auctions tend to be more efficient.
Ivanova-Stenzel, Radosveta +1 more
core +4 more sources
Risk and Price in the Bidding Process of Contractors [PDF]
Journal of Construction Engineering and Management, 2011 Formal and analytical risk models prescribe how risk should be incorporated in construction bids. However, the actual process of how contractors and their clients negotiate and agree on price is complex, and not clearly articulated in the literature. Using participant observation, the entire tender process was shadowed in two leading UK construction ...
Laryea, Samuel, Hughes, Will
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Modelling contractor’s bidding decision
Engineering Management in Production and Services, 2017 The authors aim to provide a set of tools to facilitate the main stages of the competitive bidding process for construction contractors. These involve 1) deciding whether to bid, 2) calculating the total price, and 3) breaking down the total price into ...
Biruk Sławomir +2 more
doaj +1 more source