characteristic function, derived from the partition form game, is not empty. As an application, we study collusion in auctions in …

We analyze strategic leaks due to spying out a rival’s bid in a first-price auction. Such leaks induce sequential …

fluctuations in prices. In this paper, we examine the dynamic auction design and propose a method to curb price volatility through …

reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to … and legal arguments for and against an auction reserve price. Our economic analysis concludes that an auction reserve …

. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction format in which …

We study a symmetric private value auction with signaling, in which the auction outcome is used by an outside observer … exists in the second-price auction and the English auction. We establish there is no equivalence between these two auction … clock, affects signaling incentives differently in both auction formats, and thereby also the bidders’ incentives to overbid …

fluctuations in prices. In this paper, we examine the dynamic auction design and propose a method to curb price volatility through …

information’ assumption. The ad value is characterized by a tractable analytical solution given observed auction parameters. Using … Yahoo! search auction data, we estimate value distributions and study the bidding behavior across product categories. We …