at a fixed price before an auction. In the “Buy-It-Now” format, the seller has the bargaining power and offers a price … prior to the auction; whereas in the “Sell-It-Now” format, it is the buyer. Both formats are extensively used in online and … auction …

externalities due to spiteful preferences, which have been used to explain overbidding in the second-price auction (SPA). Another … (ERA) is a first-price auction in which truthful bidding is encouraged by bonus payments. We test the robustness property …An auction is externality-robust if unilateral deviations from equilibrium leave the other bidders' payoffs unaffected …

In many markets, sellers advertise their good with an asking price. This is a price at which the seller will take his … good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price …, realistic ingredients and demonstrate that, by using an asking price, sellers both maximize their revenue and implement the …

Canadian province of Alberta has on the price producers pay for the right to extract oil. We exploit a regression discontinuity … design to evaluate how prices differ along regulation boundaries that constrain resource development. The auction format and …

– that an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In …

-off, a hybrid share auction that includes a (possibly negative) cash reward to the winner, a minimum share, and an option to …

-cost firm under incomplete information: a separating auction implies adverse selection and relies substantially on commitment to … allocation and transfer rules. A pooling auction serves as a commitment device against ex-post opportunistic behavior and … alleviates adverse selection. It can earn the investor a higher expected payoff than a separating auction, even when consistency …