WorldCat Identities

Wolfstetter, Elmar

Overview
Works: 134 works in 319 publications in 2 languages and 1,458 library holdings
Roles: Author, Author of introduction, Editor, Other, Honoree
Classifications: HB172, 338.5
Publication Timeline
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Most widely held works by Elmar Wolfstetter
Topics in microeconomics : industrial organization, auctions, and incentives by Elmar Wolfstetter( Book )

22 editions published between 1999 and 2003 in English and held by 389 WorldCat member libraries worldwide

"This text in microeconomics focuses on the strategic analysis of markets under imperfect competition, incomplete information, and incentives." "Each chapter introduces the core issues in an accessible yet rigorous fashion, and then investigates specialized themes. An attempt is made to develop a coherent story, with self-contained explanations and proofs. The only prerequisites are a basic knowledge of calculus and probability, and familiarity with intermediate undergraduate microeconomics." "The text can be used as a textbook in courses on microeconomics, theoretical industrial organization, and information and incentives for senior undergraduate or first-year graduate students."--Jacket
Wert, Profitrate und Beschäftigung : Aspekte d. Marxschen u.d. klass. Wirtschaftstheorie by Elmar Wolfstetter( Book )

6 editions published in 1977 in German and held by 82 WorldCat member libraries worldwide

Die Marxsche Theorie und ihre Kritik : eine Textsammlung zur Kritik der politischen Ökonomie by Hans G Nutzinger( Book )

13 editions published between 1974 and 2008 in German and held by 54 WorldCat member libraries worldwide

Low price equilibrium in multi-unit auctions the GSM spectrum auction in Germany by Veronika Grimm( Book )

6 editions published in 2001 in English and held by 29 WorldCat member libraries worldwide

Implementing efficent market structure by Veronika Grimm( Book )

9 editions published in 2000 in English and held by 29 WorldCat member libraries worldwide

A sealed bid auction that matches the English auction by Motty Perry( Book )

8 editions published between 1998 and 2000 in English and held by 27 WorldCat member libraries worldwide

Auctions and corruption by Yvan Lengwiler( Book )

6 editions published in 2000 in English and held by 27 WorldCat member libraries worldwide

The third generation (UMTS) spectrum auction in Germany by Veronika Grimm( Book )

7 editions published in 2001 in English and held by 25 WorldCat member libraries worldwide

Auctions when bidders prepare by investing in ideas by Thomas D Jeitschko( Book )

6 editions published in 2000 in English and held by 25 WorldCat member libraries worldwide

The Swiss UMTS spectrum auction flop bad luck or bad design? by Elmar Wolfstetter( Book )

7 editions published between 2001 and 2003 in English and held by 22 WorldCat member libraries worldwide

License auctions with royalty contracts for (winners and) losers by Thomas Giebe( )

2 editions published in 2007 in English and held by 18 WorldCat member libraries worldwide

This paper revisits the licensing of a non-drastic process innovation by an outside innovator to a Cournot oligopoly. We propose a new mechanism that combines a restrictive license auction with royalty licensing. This mechanism is more profitable than standard license auctions, auctioning royalty contracts, fixed-fee licensing, pure royalty licensing, and two-part tariffs. The key features are that royalty contracts are auctioned and that losers of the auction are granted the option to sign a royalty contract. Remarkably, combining royalties for winners and losers makes the integer constraint concerning the number of licenses irrelevant
Bid Rigging : an analysis of corruption in auctions by Yvan Lengwiler( Book )

6 editions published in 2005 in English and German and held by 16 WorldCat member libraries worldwide

In many auctions, the auctioneer is an agent of the seller. This invites corruption. We propose a model of corruption in which the auctioneer orchestrates bid rigging by inviting a bidder to either lower or raise his bid, whichever is more profitable. We characterize equilibrium bidding in first- and second-price auctions, show how corruption distorts the allocation, and why both the auctioneer and bidders may have a vested interest in maintaining corruption. Bid rigging is initiated by the auctioneer after bids have been submitted in order to minimize illegal contact and to realize the maximum gain from corruption
Partnership dissolution, complementarity, and investment incentives by Jianpei Li( Book )

4 editions published in 2004 in English and held by 14 WorldCat member libraries worldwide

Immediate demand reduction in simultaneous ascending bid auctions by Frank Riedel( Book )

4 editions published in 2004 in English and held by 12 WorldCat member libraries worldwide

Security bid auctions for agency contracts by Byoung Jun( Book )

6 editions published between 2012 and 2013 in English and held by 8 WorldCat member libraries worldwide

A principal uses security bid auctions to award an incentive contract to one among several agents in the presence of hidden action and hidden information. Securities range from cash to equity and call options. Steeperʺ securities are better surplus extractors that narrow the gap between the two highest valuations, yet reduce effort incentives. In view of this trade-off, a hybrid share auction that includes a (possibly negative) cash reward to the winner, a minimum share, and an option to call a fixed wage contract, tends to outperform all other auctions, although it is not an optimal mechanism. However, by adding output targets to hybrid share auctions one can (arbitrary closely) implement the optimal mechanism
Oligopoly and industrial organization by Elmar Wolfstetter( Book )

5 editions published between 1990 and 1996 in 3 languages and held by 8 WorldCat member libraries worldwide

Auctions : an introduction by Elmar Wolfstetter( Book )

5 editions published between 1991 and 1994 in English and German and held by 7 WorldCat member libraries worldwide

Stochastic dominance : theory and applications by Elmar Wolfstetter( Book )

4 editions published between 1993 and 1996 in English and German and held by 7 WorldCat member libraries worldwide

The third generation (UMTS) spectrum auction in Germany by Veronika Grimm( )

3 editions published in 2001 in English and held by 6 WorldCat member libraries worldwide

The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed events during the crucial phase of that auction, which have puzzled several observers. In addition, the paper evaluates the merit of the German UMTS auction design, relative to the English design, that was predominantly employed in Europe
Auctions with imperfect commitment when the reserve may serve as a signal by Byoung Jun( Book )

5 editions published in 2014 in English and held by 5 WorldCat member libraries worldwide

If bidders are uncertain whether the auctioneer sticks to the announced reserve, some bidders respond by strategic non-participation, speculating that the auctioneer may revoke the reserve. However, the reserve inadvertently signals the auctioneer’s type, which drives a unique separating and a multitude of pooling equilibria. If one eliminates belief systems that violate the intuitive criterionʺ, one obtains a unique equilibrium reserve price equal to the seller’s own valuation. Paradoxically, even if bidders initially believe that the auctioneer is bound by his reserve almost with certainty, commitment has no value
 
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Audience level: 0.76 (from 0.43 for Bid Riggin ... to 0.96 for The third ...)

Topics in microeconomics : industrial organization, auctions, and incentives
Alternative Names
Elmar Wolfstetter deutscher Wirtschaftswissenschaftler und Hochschullehrer

Elmar Wolfstetter Duits econoom

Elmar Wolfstetter German economist

Wolfstetter, E. 1945-

Wolfstetter, Elmar G. 1945-

Languages
English (108)

German (25)

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