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 …

takeover bidding, charity auctions, procurement and art auctions. We show that auction revenue can be decomposed into the … standard revenue from the respective auction without signaling concern, and a signaling component. The latter is the bidders … revenue decomposition restores revenue equivalence between different auction designs, provided that the same information about …

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

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 …

auction is the better selling mechanism. However, why exactly an auction should be preferred is unclear. Here we present an …

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

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