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Author: Andreas Roider
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The experimental literature has documented that there is overbidding in second-price auctions, regardless of the valuations of bidders. In contrast, in first-price auctions, there tends to be overbidding for large valuations, but underbidding for small valuations. We show that the experimental evidence can be rationalized by a simple extension of the standard auction model, where bidders anticipate (constant) positive or negative emotions caused by the mere fact of winning or losing. Even if the emotional (dis-)utilities are very small, the revenue-maximizing reserve price might be significantly different from the standard model. Moreover, decreases with the number of bidders.
Author: Andreas Roider
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The experimental literature has documented that there is overbidding in second-price auctions, regardless of the valuations of bidders. In contrast, in first-price auctions, there tends to be overbidding for large valuations, but underbidding for small valuations. We show that the experimental evidence can be rationalized by a simple extension of the standard auction model, where bidders anticipate (constant) positive or negative emotions caused by the mere fact of winning or losing. Even if the emotional (dis-)utilities are very small, the revenue-maximizing reserve price might be significantly different from the standard model. Moreover, decreases with the number of bidders.
Author: Geoffrey Myers
Publisher: LSE Press
ISBN: 1911712039
Category : Business & Economics
Languages : en
Pages : 314
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Book Description
Access to the radio spectrum is vital for modern digital communication. It is an essential component for smartphone capabilities, the Cloud, the Internet of Things, autonomous vehicles, and multiple other new technologies. Governments use spectrum auctions to decide which companies should use what parts of the radio spectrum. Successful auctions can fuel rapid innovation in products and services, unlock substantial economic benefits, build comparative advantage across all regions, and create billions of dollars of government revenues. Poor auction strategies can leave bandwidth unsold and delay innovation, sell national assets to firms too cheaply, or create uncompetitive markets with high mobile prices and patchy coverage that stifles economic growth. Corporate bidders regularly complain that auctions raise their costs, while government critics argue that insufficient revenues are raised. The cross-national record shows many examples of both highly successful auctions and miserable failures. Drawing on experience from the UK and other countries, senior regulator Geoffrey Myers explains how to optimise the regulatory design of auctions, from initial planning to final implementation. Spectrum Auctions offers unrivalled expertise for regulators and economists engaged in practical auction design or company executives planning bidding strategies. For applied economists, teachers, and advanced students this book provides unrivalled insights in market design and public management. Providing clear analytical frameworks, case studies of auctions, and stage-by-stage advice, it is essential reading for anyone interested in designing public-interested and successful spectrum auctions.
Author: Thomas Dreier
Publisher: KIT Scientific Publishing
ISBN: 386644589X
Category : Business & Economics
Languages : en
Pages : 276
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Book Description
The research program Information Management and Market Engineering focuses on the analysis and the design of electronic markets. Taking a holistic view of the conceptualization and realization of solutions, the research integrates the disciplines business administration, economics, computer science, and law. Topics of interest range from the implementation, quality assurance, and advancement of electronic markets to their integration into business processes and legal frameworks.
Author: National Auctioneers Association (U.S.)
Publisher: Penguin
ISBN: 9781592576418
Category : Business & Economics
Languages : en
Pages : 340
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Book Description
A $227.5 billion enterprise around the world, live auctions feature everything from cars to homes, fine art to coal. The only book of its kind, this guide will show how lucrative, fast-paced, and exciting this business is. It covers rules, lingo, setting up an auction, hiring professional auctioneers, and how the most popular auctions work.Expert author team- a veteran business author and the National Association for AuctioneersDetailed run-down of every aspect of live auctionsResource section with auction house listings
Author: Charlie Jack Dean
Publisher: Dorrance Publishing
ISBN: 1480958565
Category : Biography & Autobiography
Languages : en
Pages : 104
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Book Description
Two Books in One 1. The Public Cartel of Texas Auctioneers 2. The Psychopathic Church Council By: Charlie Jack Dean Once upon a time there was a Nice Church with a lot of nice people. Over time a problem developed. The Council of the Nice Church became pervasive in its effect (having control over people and events), yet nowhere in its responsibility (not being accountable or accepting blame). The Council’s actions, its pattern and practice, made it particularly unapproachable and difficult to interact with. This made nice people feel left out and betrayed. The Nice Church also failed to adequately serve its community. In Two Books in One, author Charlie Jack Dean presents to us auction material, which is based on facts about auctioneers and auction business, and also church material, which is based on his disillusion with churches, but not necessarily with religion itself.
Author: William C. Ketchum
Publisher: Sterling Publishing (NY)
ISBN:
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
Author: Christian Heath
Publisher: Cambridge University Press
ISBN: 0521767407
Category : Antiques & Collectibles
Languages : en
Pages : 265
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Book Description
Addresses how social interaction forms the foundation to sale of art and antiques worth many billions of pounds each year.
Author: Adam Young
Publisher: Booktango
ISBN: 1468927833
Category : Business & Economics
Languages : en
Pages : 64
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Book Description
Winning strategies, tips and tricks to penny auction domination. How to win more penny auctions using less bids. While there are no magic bullets, if you take on board the hints, tips, tricks and strategies outlined in this book, you will increase your chances of success in the crazy, fun, exhilarating and sometimes frustrating world of penny auctions.
Author: Leslie Hindman
Publisher: Three Rivers Press
ISBN: 9780609808191
Category : Antiques & Collectibles
Languages : en
Pages : 268
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Book Description
Whether you're wondering how much your grandmother's silver tea set is worth, have always wanted to go to an auction but don't know the rules, or are itching to sit down and explore eBay, Adventures at the Auction is the ideal sourcebook. Combining her expertise in live auctions, appraisals, and the fast-growing field of Internet auctions, Leslie Hindman provides all the essential information you'll need to get started and arms you with hundreds of tips on auction strategy. Illustrated with an 8-page color insert and peppered with lively anecdotes from Hindman's 25 years as an auctioneer, this book will turn even a novice into a savvy auction-goer.
Author: Yan, Zheng
Publisher: IGI Global
ISBN: 146660316X
Category : Computers
Languages : en
Pages : 1379
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Book Description
"This book offers a complete look into the field of cyber behavior, surveying case studies, research, frameworks, techniques, technologies, and future developments relating to the way people interact and behave online"--Provided by publisher.
