کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5077789 1477306 2017 18 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Raising rivals' cost in multi-unit auctions
ترجمه فارسی عنوان
افزایش هزینه های رقبا در مزایده های چند واحد
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
The objective many telecom regulators want to achieve when they decide to auction spectrum is that acquiring firms pay a market price (based on the opportunity cost principle). The simultaneous ascending auction may fail in this respect, as it provides bidders with an opportunity to engage in strategic demand reduction. This paper asks whether the combinatorial clock auction (CCA) fares better in this respect. We show that the answer to this question depends on the objectives bidders have. If bidders have only the slightest preference to raise rivals' cost, they will use the opportunities the CCA provides them to engage in strategic demand expansion. This is even the case when the clock phase ends with excess demand.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Journal of Industrial Organization - Volume 50, January 2017, Pages 473-490
نویسندگان
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