Subastas: diseño y estrategia
Auctions: Design and Strategy
Contenido principal del artículo
Resumen
Este trabajo examina los elementos a considerar en las subastas, más allá del análisis de la conducta racional y estratégica, la búsqueda de eficiencia y la obtención de mejores precios para el subastador. Se analizan aspectos como la generación de expectativas de entrada, la financiación, el diseño de contratos y los mecanismos de gobernanza. En el caso de las subastas de contratación, se examinan aspectos de su diseño orientados a atraer la entrada de nuevos participantes, prevenir la colusión y evitar la concentración de mercado. Además, se estudian las condiciones que podrían propiciar el poder ex ante y ex post, su impacto, los posibles mecanismos de detección y prevención, y cómo estos se reflejan en los costos de cambio. Finalmente, se realiza una revisión bibliográfica que identifica los desarrollos recientes y las perspectivas de investigación en el área.
Palabras clave:
Descargas
Detalles del artículo
Referencias (VER)
Armstrong, M., & Sappington, D. E. (2007). Recent developments in the theory of regulation. Handbook of Industrial Organization, 3, 1557-1700. DOI: https://doi.org/10.1016/S1573-448X(06)03027-5
Āzacis, H., & Burguet, R. (2008). Incumbency and entry in license auctions: The Anglo–Dutch auction meets another simple alternative. International Journal of Industrial Organization, 26(3), 730-745. DOI: https://doi.org/10.1016/j.ijindorg.2007.05.008
Bulow, J., & Klemperer, P. (2009). Why do sellers (usually) prefer auctions? American Economic Review, 99(4), 1544-1575. DOI: https://doi.org/10.1257/aer.99.4.1544
Burtraw, D., Goeree, J., Holt, C. A., Myers, E., Palmer, K., & Shobe, W. (2009). Collusion in auctions for emission permits: An experimental analysis. Journal of Policy Analysis and Management, 28(4), 672-691. DOI: https://doi.org/10.1002/pam.20460
Coase, R. (1959). The Federal Communications Commission. Journal of Law and Economics, 2, 1-40. DOI: https://doi.org/10.1086/466549
Chen, J., Chen, X., Kauffman, R. J., & Song, X. (2009). Should we collude? Analyzing the benefits of bidder cooperation in online group-buying auctions. Electronic Commerce Research and Applications, 8(4), 191-202. DOI: https://doi.org/10.1016/j.elerap.2008.11.010
Dass, M., Reddy, S. K., & Iacobucci, D. (2014). Social networks among auction bidders: The role of key bidders and structural properties on auction prices. Social Networks, 37, 14-28. DOI: https://doi.org/10.1016/j.socnet.2013.11.002
Dequiedt, V. (2007). Efficient collusion in optimal auctions. Journal of Economic Theory, 136(1), 302-323. DOI: https://doi.org/10.1016/j.jet.2006.08.003
Durá, P. (2003). Teoría de subastas y reputación del vendedor (No. CNMV Documentos de Trabajo no. 3. 2003). CNMV-Comisión Nacional del Mercado de Valores-Departamento de Estudios y Estadísticas.
Engelbrecht-Wiggans, R., Milgrom, P. R., & Weber, R. J. (1983). Competitive bidding and proprietary information. Journal of Mathematical Economics, 11(2), 161-169. DOI: https://doi.org/10.1016/0304-4068(83)90034-4
Farrell, J., & Klemperer, P. (2007). Coordination and lock-in: Competition with switching costs and network effects. Handbook of Industrial Organization, 3, 1967-2072. DOI: https://doi.org/10.1016/S1573-448X(06)03031-7
Froeb, L. M., Shor, M., & Tschantz, S. (2008). Mergers in auctions with an incumbent advantage. Vanderbilt Law and Economics Research Paper, (08-24). DOI: https://doi.org/10.2139/ssrn.1262519
Goeree, J. K., & Offerman, T. (2004). Notes and comments the Amsterdam auction. Econometrica, 72(1), 281-294. DOI: https://doi.org/10.1111/j.1468-0262.2004.00484.x
Guasch, J. L., Laffont, J. J., & Straub, S. (2007). Concessions of infrastructure in Latin America: Government-led renegotiation. Journal of Applied Econometrics, 22(7), 1267-1294. DOI: https://doi.org/10.1002/jae.987
Hazlett, T. W., Porter, D., & Smith, V. (2011). Radio spectrum and the disruptive clarity of Ronald Coase. The Journal of Law and Economics, 54(S4), S125-S165. DOI: https://doi.org/10.1086/662992
Hu, L., & Wolfstetter, E. G. (2014). Spectrum license auctions with exit (and call) options: Alternative remedies for the exposure problem. Information Economics and Policy, 27, 13-23. DOI: https://doi.org/10.1016/j.infoecopol.2014.04.002
Ishii, R. (2009). Favor exchange in collusion: Empirical study of repeated procurement auctions in Japan. International Journal of Industrial Organization, 27(2), 137-144. DOI: https://doi.org/10.1016/j.ijindorg.2008.05.006
Klemperer, P. (2002a). How (not) to run auctions: The European 3G telecom auctions. European Economic Review, 46(4-5), 829-845. DOI: https://doi.org/10.1016/S0014-2921(01)00218-5
Klemperer, P. (2002b). What really matters in auction design. Journal of Economic Perspectives, 16(1), 169-189. DOI: https://doi.org/10.1257/0895330027166
Klemperer, P. (2004). Auctions: Theory and Practice. Princeton University Press. DOI: https://doi.org/10.1515/9780691186290
Klemperer, P. (2007). Bidding markets. Journal of Competition Law and Economics, 3(1), 1-47. DOI: https://doi.org/10.1093/joclec/nhl017
Lau, S. (2008). Information and bargaining in the hold-up problem. The RAND Journal of Economics, 39(1), 266-282. DOI: https://doi.org/10.1111/j.0741-6261.2008.00013.x
Lewis, T. R., & Yildirim, H. (2005). Managing switching costs in multiperiod procurements with strategic buyers. International Economic Review, 46(4), 1233-1269. DOI: https://doi.org/10.1111/j.1468-2354.2005.00366.x
Mintic. (2013). Gobierno adjudica licencias de 4G. Recuperado de: https://www.mintic.gov.co/portal/604/w3-article-2029.html
Mölleryd, B. G., & Markendahl, J. (2014). Analysis of spectrum auctions in India—An application of the opportunity cost approach to explain large variations in spectrum prices. Telecommunications Policy, 38(3), 236-247. DOI: https://doi.org/10.1016/j.telpol.2014.01.002
Myerson, R. B. (1981). Optimal auction design. Mathematics of Operations Research, 6(1), 58-73. DOI: https://doi.org/10.1287/moor.6.1.58
McMillan, J. (1994). Selling spectrum rights. Journal of Economic Perspectives, 8(3), 145-162. DOI: https://doi.org/10.1257/jep.8.3.145
Milgrom, P. R., & Weber, R. J. (1982). A theory of auctions and competitive bidding. Econometrica, 50(5), 1089-1122. DOI: https://doi.org/10.2307/1911865
Milgrom, P. (2000). Putting auction theory to work: The simultaneous ascending auction. Journal of Political Economy, 108(2), 245-272. DOI: https://doi.org/10.1086/262118
Milgrom, P., & Milgrom, P. R. (2004). Putting auction theory to work. Cambridge University Press. DOI: https://doi.org/10.1017/CBO9780511813825
Osborne, M. J. (2004). An introduction to game theory (Vol. 3, No. 3). Oxford University Press.
Padhi, S. S., & Mohapatra, P. K. (2011). Detection of collusion in government procurement auctions. Journal of Purchasing and Supply Management, 17(4), 207-221. DOI: https://doi.org/10.1016/j.pursup.2011.03.001
Praxmarer-Carus, S. (2014). Why the proposal of a complex contract may harm or foster a partner’s trust. Journal of Business Research, 67(7), 1421-1429. DOI: https://doi.org/10.1016/j.jbusres.2013.07.025
Rhodes-Kropf, M., & Viswanathan, S. (2005). Financing auction bids. RAND Journal of Economics, 789-815.
Sherstyuk, K. (2002). Collusion in private value ascending price auctions. Journal of Economic Behavior & Organization, 48(2), 177-195. DOI: https://doi.org/10.1016/S0167-2681(01)00215-3
Smirnov, V., & Wait, A. (2004). Hold-up and sequential specific investments. RAND Journal of Economics, 386-400. DOI: https://doi.org/10.2307/1593697
Strieborny, M., & Kukenova, M. (2015). Investment in relationship-specific assets: Does finance matter?. Review of Finance, 20(4), 1487-1515. DOI: https://doi.org/10.1093/rof/rfv049
Subramani, M. R., & Venkatraman, N. (2003). Safeguarding investments in asymmetric interorganizational relationships: Theory and evidence. Academy of Management Journal, 46(1), 46-62. DOI: https://doi.org/10.5465/30040675
Tsang, S., Koh, Y. S., Dobbie, G., & Alam, S. (2014). Detecting online auction shilling frauds using supervised learning. Expert Systems with Applications, 41(6), 3027-3040. DOI: https://doi.org/10.1016/j.eswa.2013.10.033
Varian, H. R. (2010). Intermediate Microeconomics (8.ª ed.). W. W. Norton & Company.
Vasconcelos, L. (2014). Contractual signaling, relationship-specific investment and exclusive agreements. Games and Economic Behavior, 87, 19-33. DOI: https://doi.org/10.1016/j.geb.2014.04.006
Vickrey, W. (1961). Counterspeculation, auctions, and competitive sealed tenders. The Journal of Finance, 16(1), 8-37. DOI: https://doi.org/10.1111/j.1540-6261.1961.tb02789.x
Williamson, O. (1975). Markets and Hierarchies: Analysis and Antitrust Implications. Free Press.
Zhou, N. (2003). Bidding between incumbent and entrant. Economics Letters, 80(3), 295-303. DOI: https://doi.org/10.1016/S0165-1765(03)00100-9