We consider competitive bidding for a business license, via an open ascending-price auction, between two symmetric …

paper studies whether such inefficiencies can be removed by implementing a survival auction mechanism. Survival auctions are … the auction from one round to the next. Such auctions have been shown to be strategically equivalent to ascending …-unit demand Vickrey survival auction in which all but the lowest bidder make it to the next round and compare the outcomes to a …

, allocative externalities, and two-sided trading. Given no externalities, further, all mixed-strategy equilibria in these auctions … must be ex post allocation- and interim expected payment equivalent to some monotone pure strategy equilibrium. Thus, for …

submitted bid. The reverse auction has immerged as the most commonly adopted dynamic auction for this setting. In a reverse … auction, suppliers first submit the qualities of their goods and then the suppliers participate in an auction with the same … message space as an open outcry English auction (descending because this is a procurement auction.) However, the auction is …

We consider a model where bidders in an auction own passive partial claims over their rivals’ auction profits. While …-value auction, we find that such cross ownership has an effect similar to reducing the number of bidders while holding constant the … distribution of the highest value in the auction. A similar decrease in competition occurs in independent private-value second …

, private information, and identity-dependent externalities. We derive the seller's optimal mechanism and characterize its main … commonly used in practice is an optimal mechanism if externalities are sufficiently large …

In this paper we characterize the optimal allocation mechanism for $N$ objects, (permits), to $I$ potential buyers …, (firms). Firms' payoffs depend on their costs, the costs of competitors and on the final allocation of the permits, allowing … for externalities, substitutabilities and complementarities. Firms' cost parameter is private information and is …

We analyze the formation and competition of market intermediaries when there are positive participation externalities … between the two sides of the market; negative participation externalities within the same side; competition with traditional …

This paper presents a participation game experiment to study the impact of uncertainty and costly political …

We consider two mechanisms to procure differentiated goods: a request for quote and an English auction with bidding … the seller who offers the greatest difference in quality and price. In the English auction with bidding credits, the buyer … English auction with the winner receiving the auction price and his bidding credit. Game theoretic models predict the request …