that (i) the ascending auction yields a higher revenue than the first-price sealed bid auction, and (ii) the revenue can be …

directly from artists, and a secondary market that is mainly the auction market. Coronavirus disease 2019 (COVID-19) and …. People terrified of inflation are putting their money 'in works of art'. The auction market dominates the primary market …, the auction market for works of art is used for money laundering. The purpose of this paper is to show that auction …

decisions endogenous to the auction design. We analyze the effect of different auction rules on potential bidders’ incentives to … revenue to the seller is often higher in the auction where the realized number of participating bidders is not disclosed. …

1980, when the auction mechanism was implemented, to 2014. In this study, we extend the set of observations until 2023 and … granularity. This information includes, among other information, the details of the auction process, the underlying rules and …

-standing concern in the literature. We tackle this problem by experimentally testing the performance of an FE auction, which is a … second-price (2P) auction with lotteries. In the FE treatment, overbid amounts given entry increased and entry rates … causes of failure in the FE, we take an evolutionary-game approach. The FE auction with risk-neutral bidders has exactly two …