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Asymmetric auctions and risk aversion within independent private values
(Escola de Pós-Graduação em Economia da FGV, 2007)
We study tournaments with many ex-ante asymmetric (heterogeneous) contestants as an independent-private-values all-pay auction. The asymmetry is either with respect to the distribution of valuations for the prize or the ...
An asymmetric multi-item auction with quantity discounts applied to Internet service procurement in Buenos Aires public schools
(Springer, 2017)
This article studies a multi-item auction characterized by asymmetric bidders and quantity discounts. We report a practical application of this type of auction in the procurement of Internet services to the 709 public ...
Testing for Collusion in Asymmetric First-Price Auctions
(Springer, 2013-01)
This paper proposes a two-step procedure to detect collusion in asymmetric first-price procurement (auctions). First, we use a reduced form test to short-list bidders whose bidding behavior is at-odds with competitive ...
An Asymmetric Multi-Item Auction with Quantity Discounts Applied to Internet Service Procurement in Buenos Aires Public Schools
(Springer, 2017-11)
This article studies a multi-item auction characterized by asymmetricbidders and quantity discounts. We report a practical application of thistype of auction in the procurement of Internet services to the 709 publicschools ...
Optimal selling mechanisms with crossholdings
(Springer, 2020)
We characterize the optimal selling mechanism when bidders have ownership links among them (crossholdings). This mechanism discriminates against bidders who enjoy a value comparative advantage resulting from the extent to ...
All-pay auctions with endogenous asymmetries
(Escola de Pós-Graduação em Economia da FGV, 2004-03-18)
We study N-bidders, asymmetric all-pay auctions under incomplete information. First, we solve for the equilibrium of a parametric model. Each bidder’s valuation is independently drawn from an uniform [0, αi] where the ...
Asymmetric information and split award auctions
(2021)
Nós consideramos um modelo de leilões com divisão de prêmios com dois participantes ex-ante idênticos privadamente informados cuja informação privada afeta seus custos de produção das quantias designadas. Podemos interpretar ...
Pure strategy equilibria of single and double auctions with interdependent values
(Academic Press Inc Elsevier Science, 2009-01)
We prove the existence of monotonic pure strategy equilibrium for many kinds of asymmetric auctions with n bidders and unitary demands, interdependent values and independent types. The assumptions require monotonicity only ...
Optimal and efficient takeover contests with toeholds
(Elsevier, 2012)
Target firms often face a takeover threat from raiders with prior
stakes in its ownership (toeholds). Previous literature has shown
that, when takeovers are modeled as standard auctions, toeholds
induce more aggressive ...
Leilões de valor quase comum e o regime de partilha de produção brasileiro: uma abordagem teórica
(2012-06-22)
In this paper, we study by means of a theoretical approach the Brazilian production sharing regime for oil exploration approved in Law No 12.351. Some works in the almost common value auctions literature were also analysed. ...