{"id":66578,"date":"2018-03-09T22:54:56","date_gmt":"2018-03-09T22:54:56","guid":{"rendered":"https:\/\/www.deberes.net\/tesis\/sin-categoria\/essays-on-auction-theory\/"},"modified":"2018-03-09T22:54:56","modified_gmt":"2018-03-09T22:54:56","slug":"essays-on-auction-theory","status":"publish","type":"post","link":"https:\/\/www.deberes.net\/tesis\/teoria-microeconomica\/essays-on-auction-theory\/","title":{"rendered":"Essays on auction theory"},"content":{"rendered":"<h2>Tesis doctoral de <strong> Gino Gustavo Loyola Fuentes <\/strong><\/h2>\n<p>This thesis consists  of four chapter containing contributions to theory of auctions. the first chapter, \u00abhow to sell to buyers with crossholdings\u00bb, characterizes the optimal selling mechanism in the presence of horizontal crossholdings. The central result is that the optimal auction imposes a discrimination policy against the stronger bidders. the second chapter, \u00aboptimal takeover contests with toeholds\u00bb, characterizes how a target firm should be sold when bidders have prioir stakes in its ownership (toeholds). The main finding is that the optimal mechanism needs to be implemented by a non-standard auction which imposes a bias againts buyers with high toeholds. the third chapter, \u00abon bidding markets: the role of competition\u00bb, analyzes the effects of proceeds. Conditions for (non)monotonicity of both the equilibrium bid and revenue are stated. Our results suggest that the seller may benefit from less competition in markets with more complete valuation and information structures. finallly,the four chapter, \u00abon bidding consortia: the role of information\u00bb, studies the information effects of legal joint bidding practices (consortia and mergers) on auction outcomes. We conclude that in general the seller benefits from the informational effects driven by bidding arragements.<\/p>\n<p>&nbsp;<\/p>\n<h3>Datos acad\u00e9micos de la tesis doctoral \u00ab<strong>Essays on auction theory<\/strong>\u00ab<\/h3>\n<ul>\n<li><strong>T\u00edtulo de la tesis:<\/strong>\u00a0 Essays on auction theory <\/li>\n<li><strong>Autor:<\/strong>\u00a0 Gino Gustavo Loyola Fuentes <\/li>\n<li><strong>Universidad:<\/strong>\u00a0 Carlos III de Madrid<\/li>\n<li><strong>Fecha de lectura de la tesis:<\/strong>\u00a0 22\/07\/2008<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Direcci\u00f3n y tribunal<\/h3>\n<ul>\n<li><strong>Director de la tesis<\/strong>\n<ul>\n<li>Mar\u00eda  Angeles De Frutos Casado<\/li>\n<\/ul>\n<\/li>\n<li><strong>Tribunal<\/strong>\n<ul>\n<li>Presidente del tribunal: Antonio Cabrales goitia <\/li>\n<li>vijay Krishna (vocal)<\/li>\n<li>Juan  Jos\u00e9 Ganuza fern\u00e1ndez (vocal)<\/li>\n<li>luciano De castro (vocal)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesis doctoral de Gino Gustavo Loyola Fuentes This thesis consists of four chapter containing contributions to theory of auctions. the 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