competitive common value auction, parties sidestep both market inefficiency and a winner's curse by judging quality-by-price, and …

We study in the laboratory a series of first price sealed bid auctions of a common value good. Bidders face three types …

conditions that have to be met for English auction with asymmetric bidders to allocate the object efficiently. Finally, common … value auctions will be considered when all bidders have the same value for the object. …

In almost common value auctions, even a very small private payoff advantage is usually supposed to have an explosive … set of equilibria obtained for common value auction games drastically shrinks, so that the advantaged player always wins …

Potential bidders respond to a seller's choice of auction mechanism for a common-value or affiliated-values asset by …