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 …

We study the optimal entry fee in a symmetric private value first-price auction with signaling, in which the … participation decisions and the auction outcome are used by an outside observer to infer the bidders’ types. We show that this … auction has a unique fully separating equilibrium bidding function. When the bidders’ sensibility for the signaling concern is …

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

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 …

demand and reduced working hours so as to stabilize workers’ income. In a matching framework such an arrangement increases …

We study the relative performance of the first‐price sealed‐bid auction and the second-price sealed‐bid auction in a … reveals the winner’s payment to an outside observer. We find that the first‐price sealed‐bid auction in which the winner …

seller’s private signal. A public reserve price is announced before the auction starts, and a secret reserve price is …