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 …

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 …

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

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