Results 11 to 20 of about 241,539 (269)
Successful uninformed bidding [PDF]
SSRN Electronic Journal, 2000 This paper provides some striking results that arise in the unique symmetric equilibrium of common value multiunit auction in which some bidders are better informed than others.
Hernando-Veciana, Ángel
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Bid Costs and Endogenous Bid Caps [PDF]
The RAND Journal of Economics, 2002 We study contests where several privately informed agents bid for a price. All bidders bear a cost of bidding that is an increasing function of their bids, and, moreover, bids may be capped. We show that, regardless of the number of bidders, if agents have linear or concave cost functions then setting a bid cap is not profitable for a designer who ...
Gavious, Arieh +2 more
openaire +3 more sources
SSRN Electronic Journal, 2005 The existence of a "bidding market" is commonly cited as a reason to tolerate the creation or maintenance of highly concentrated markets. We discuss three erroneous arguments to that effect: the "consultants' fallacy" that "market power is impossible," the "academics' fallacy" that (often) "market power does not matter," and the "regulators' fallacy ...
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, 2014 Summary: We consider auctions where bidders care about the reputational effects of their bidding and argue that the amount of information disclosed at the end of the auction will influence bidding. We focus on bid disclosure rules that capture all of the realistic cases.
Giovannoni, Francesco, Makris, Miltiadis
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Journal of Civil Engineering and Management, 2022 Tender documents often lack clarity and are incomplete, making it difficult for contractors to appropriately price projects. A general view is that the quality of tender documents has declined, which has affected the bidding strategies of contractors ...
Seoung-Wook Whang +3 more
doaj +1 more source
The Effect of Information Feedback in Construction Bidding
Construction Economics and Building, 2010 With the goal to achieve efficiency in bidding competitions, many codes of bidding procedure recommend clients provide contractors with bidding feedback information.
Alexander Soo, Bee Oo
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Licensing a common value innovation when signaling strength may backfire [PDF]
, 2010 This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing scheme that combines a first-price license auction with royalty contracts for losers. Prior to bidding firms observe imperfect signals of
Fan, Cuihong +2 more
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Buildings, 2021 In contrast to traditional enterprise rivalry, the construction market competition is irregular on the surface due to the randomization of client targets and the one-time competition organization, which conflicts with construction businesses’ perceptions
Keda Chen, Kunhui Ye
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Insights from Actual Day-Ahead Bidding of Hydropower
International Journal of Sustainable Energy Planning and Management, 2015 We analyse bidding behavior in the Nordic electricity market, where producers submit supply schedules for tomorrow's generation in a day-ahead auction.
Erik N Alnæs +3 more
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Rational bidding using reinforcement learning: an application in automated resource allocation [PDF]
, 2008 The application of autonomous agents by the provisioning and usage of computational resources is an attractive research field. Various methods and technologies in the area of artificial intelligence, statistics and economics are playing together to ...
A. Sherstov +17 more
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