Sequential Auctions with Synergies: an Example PDF Download
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Author: Fernando Branco
Publisher:
ISBN:
Category :
Languages : en
Pages : 58
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Author: Fernando Branco
Publisher:
ISBN:
Category :
Languages : en
Pages : 58
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Book Description
Author: Flavio F. Menezes
Publisher:
ISBN:
Category : Auctions
Languages : en
Pages : 32
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Book Description
Author: Kasper Leufkens
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Kasper Leufkens
Publisher:
ISBN:
Category :
Languages : en
Pages : 19
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Author: Dakshina G. De Silva
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
We consider sequential construction contracts in which bidders may benefit from one auction to the next due to synergistic tasks across the projects auctioned. Theoretical considerations indicate that winners in the former auctions are more likely to participate in latter auctions. Moreover, conditional on participation, past winners place lower bids, on average, and are so more likely to win in later auctions. We present evidence in support of these predictions using sequential construction auctions conducted by the Oklahoma Department of Transportation.
Author: Flavio M. Menezes
Publisher: Oxford University Press, USA
ISBN: 9780199275984
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
Auction theory is now an important component of an economist's training. The techniques and insights gained from the study of auction theory provide a useful starting point for those who want to venture into the economics of information, mechanism design, and regulatory economics.This book provides a step-by-step, self-contained treatment of the theory of auctions. It allows students and readers with a calculus background to work through all the basic results, covering the basic independent-private-model; the effects of introducing correlation in valuations on equilibrium behaviour and the seller's expected revenue; mechanism design; and the theory of multi-object auctions.
Author: Ces Reo Hern Ndez
Publisher: Springer Science & Business Media
ISBN: 3642029574
Category :
Languages : en
Pages : 280
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Book Description
Simulation is used in economics to solve large econometric models, for large-scale micro simulations, and to obtain numerical solutions for policy design in top-down established models. But these applications fail to take advantage of the methods offered by artificial economics (AE) through artificial intelligence and distributed computing. AE is a bottom-up and generative approach of agent-based modelling developed to get a deeper insight into the complexity of economics. AE can be viewed as a very elegant and general class of modelling techniques that generalize numerical economics, mathematical programming and micro simulation approaches. The papers presented in this book address methodological questions and applications of AE to macroeconomics, industrial organization, information and learning, market dynamics, finance and financial markets.
Author: Richard Engelbrecht-Wiggans
Publisher:
ISBN:
Category : Auctions
Languages : en
Pages : 32
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Author: Kasper Leufkens
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
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Book Description
Author: Karen Donohue
Publisher: John Wiley & Sons
ISBN: 1119138329
Category : Business & Economics
Languages : en
Pages : 692
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Book Description
A comprehensive review of behavioral operations management that puts the focus on new and trending research in the field The Handbook of Behavioral Operations offers a comprehensive resource that fills the gap in the behavioral operations management literature. This vital text highlights best practices in behavioral operations research and identifies the most current research directions and their applications. A volume in the Wiley Series in Operations Research and Management Science, this book contains contributions from an international panel of scholars from a wide variety of backgrounds who are conducting behavioral research. The handbook provides succinct tutorials on common methods used to conduct behavioral research, serves as a resource for current topics in behavioral operations research, and as a guide to the use of new research methods. The authors review the fundamental theories and offer frameworks from a psychological, systems dynamics, and behavioral economic standpoint. They provide a crucial grounding for behavioral operations as well as an entry point for new areas of behavioral research. The handbook also presents a variety of behavioral operations applications that focus on specific areas of study and includes a survey of current and future research needs. This important resource: Contains a summary of the methodological foundations and in-depth treatment of research best practices in behavioral research. Provides a comprehensive review of the research conducted over the past two decades in behavioral operations, including such classic topics as inventory management, supply chain contracting, forecasting, and competitive sourcing. Covers a wide-range of current topics and applications including supply chain risk, responsible and sustainable supply chain, health care operations, culture and trust. Connects existing bodies of behavioral operations literature with related fields, including psychology and economics. Provides a vision for future behavioral research in operations. Written for academicians within the operations management community as well as for behavioral researchers, The Handbook of Behavioral Operations offers a comprehensive resource for the study of how individuals make decisions in an operational context with contributions from experts in the field.
