A number of papers in the theoretical auction literature show that the release of information regarding the seller …’s valuation of an item can cause bidders to bid more aggressively. This widely accepted result in auction theory remains largely … bids was even larger for projects where the common uncertainty in costs is greater. Moreover, the within-auction standard …

-oriented setting. An auction is a market institution with an explicit set of rules determining resource allocation and prices on the …, auctions provide one way approaching the question of price formation of these products.This paper explores the details of … Turkish GSM 1800 MHz auction held in April, 2000 within auction theory and competition policies framework. According to the …

In this paper, we study an auction where bidders only know the number of potential applicants. After seeing their … values for the object, bidders decide whether or not to enter the auction. Players may not want to enter the auction since … they have to pay participation costs. We characterize the optimal bidding strategies for both first- and second- price …

asset that is too large or too risky for a single individual or financial institution so that an auction method is not … and a SS is provided. The difference between an auction scheme and a subscription scheme is discussed. …

format of the auction matters. If bidders have constant marginal utilities for objects up to some limit, then uniform price … private and common valuations as special cases. We show that the key determinant of bidders' surplus (and implicitly auction … uniform price auctions are asymptotically efficient, while discriminatory auctions are asymptotically {\sl in …

We study the influence of product market competition on the first-price sealed auction and the English ascending … English auction than in first-price sealed auction. In particular, if the government uses the English ascending auction while … auction with independent cost types. Bidders, valuing the license basing on the information released in the first stage …

arrangements, corruption affects both bidding behavior, efficiency and the seller's expected revenue in a first-price auction. …We investigate the outcome of an auction where the auctioneer approaches one of the two existing bidders and offers an …

Putting the theory of price system on the relationship among price, wage, labor time, interest rate and GNP (or GDP … value and interest rate in different conditions and regions, can not certainly benefit price stability, sound public …