scholarly journals Bidder Behavior in Multiunit Auctions: Evidence from Swedish Treasury Auctions

2002 ◽  
Vol 110 (2) ◽  
pp. 394-424 ◽  
Author(s):  
Kjell G. Nyborg ◽  
Kristian Rydqvist ◽  
Suresh M. Sundaresan

Author(s):  
Kjell G. Nyborg ◽  
Kristian Rydqvist ◽  
Suresh M. Sundaresan


2015 ◽  
Vol 5 (3-4) ◽  
pp. 215-253
Author(s):  
Robert Griffin ◽  
Christopher Anderson
Keyword(s):  


2002 ◽  
Vol 68 (3) ◽  
pp. 617-631
Author(s):  
Richard Engelbrecht‐Wiggans ◽  
Charles M. Kahn
Keyword(s):  


2005 ◽  
Vol 26 (3) ◽  
pp. 385-419 ◽  
Author(s):  
Hakan Berument ◽  
Eray M. Yucel
Keyword(s):  


2008 ◽  
Vol 11 (2) ◽  
pp. 75-104
Author(s):  
Robert A. Simons ◽  
◽  
Jesse Saginor ◽  
Aly H. Karam ◽  
Hlengani Baloyi ◽  
...  

This study reports the results of a contingent valuation (CV) survey that was carried out in Johannesburg, South Africa. Students at Wits University conducted more than 300 face-to-face interviews with Africans living and/or working in Soweto, an African township located on the outskirts of Johannesburg, and nearby areas. The questions they asked were designed to determine the perceptions of risk regarding airborne mine dust and radon, a naturally occurring gas, and the effect that these perceptions had on the valuation of residential properties impacted by these substances. A probit model was used to evaluate the determinants of bidder behavior, using respondent demographics and other characteristics as independent variables. Residential property discounts for potentially contaminated housing sites by marginal bidders at the top of the market varied from -24% to -50%. Research issues in developing countries were addressed. Contingent valuation results in South Africa were compared to published results in the United States.



2005 ◽  
Vol 39 (1) ◽  
pp. 105-121 ◽  
Author(s):  
Anshul Kothari ◽  
David C. Parkes ◽  
Subhash Suri
Keyword(s):  


Author(s):  
Anthony M. Kwasnica ◽  
Katerina Sherstyuk
Keyword(s):  


2020 ◽  
Vol 162 ◽  
pp. 01006
Author(s):  
Dávid Csercsik

In this paper we propose a possible alternative for conventional pay-as-clear type multiunit auctions commonly used for the clearing of day-ahead power exchanges, and analyse some of its characteristic features in comparison with conventional clearing. In the proposed framework, instead of the concept of the uniform market clearing price, we introduce limit prices separately for supply and demand bids, and in addition to the power balance constraint, we formulate constraints for the income balance of the market. The total traded quantity is used as the objective function of the formulation. The concept is demonstrated on a simple example and is compared to the conventional approach in small-scale market simulations.



2012 ◽  
Vol 58 (4) ◽  
pp. 811-830 ◽  
Author(s):  
Gediminas Adomavicius ◽  
Shawn P. Curley ◽  
Alok Gupta ◽  
Pallab Sanyal


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