Jamming a rival's learning
Article Abstract:
A research study explores the ability and incentive of a business enterprise to affect or 'jam' a rival's private learning process. The developed model has no unobserved actions or ex ante asymmetric information that are required by past jamming models. The firm is found to dislike its rival's learning ability. Its perception of its rival's uncertain attitude gives the firm more incentive to jam. An entrant's uncertainty makes the rival want to give an impression of increased certainty.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1995
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Ranking auctions with risk averse bidders
Article Abstract:
The rankings of auctions with internal risk averse bidders are determined by decreasing absolute risk aversion (DARA), relative entry costs and the number of potential bidders. The first-price auction retains its ranking over the second-price auction as long as the bidders exhibit constant or increasing absolute risk averion. However, when bidders begin to have DARA, the second-price auction could prevail over the first-price auction because of reduced potential bidders.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1996
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Bidding for the future: signaling in auctions with an aftermarket
Article Abstract:
This paper analyzes auctions in which bidders compete to gain advantage in upcoming strategic interactions. Auctions are considered where bidders possess private information only relevant to winning, and it is assumed that after the auction is over bidders continue to engage in competition activity.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2003
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