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. …

We investigate how an artist’s death impacts on the price of her artwork by estimating individual death effects of a …

seller’s private signal. A public reserve price is announced before the auction starts, and a secret reserve price is … disclosed after the highest bid has been reached. The public reserve price regime may warrant a distortion as a good seller type … may have to increase the reserve price beyond payo˙-maximization in order to be able to credibly signal her type. We …

We develop a programming algorithm that predicts a balanced-panel mix-adjusted house price index for arbitrary spatial … the density bias of price-to-rent ratios in levels and trends, within and between cities. Our method lends itself to the …

-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 …

-dimensional auction, as the optimal scoring rule depends only on the price. … a simple design initially enhances competition in the auction. Moreover, the procurer cannot benefit from using a multi …

overbidding in auctions. As a workhorse we use the second-price all-pay and the first-price winner-pay auction. Both risk and …. Indeed, we find that spite is a more convincing explanation for bidding behavior for the second-price all-pay auction. Not … predictions in the second-price all-pay auctions for spiteful preferences are different than those for risk averse preferences …