their auction end at the evening, when many potential buyers may be online. …

€“bid auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …

of a multi-object auction. After the auction either all bids or only the prices to be paid are revealed to all firms … bidders’ costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …

effort and private information. We compare two procurement mechanisms where potential sellers first bid in an auction for …-price auction. We characterize Bayesian Nash equilibria such that both mechanisms are payoff-equivalent and induce the same efforts … and innovations. In these equilibria, signaling in the entry auction does not occur since contestants play a simple …

employment office or head hunter. In a centralised descending-bid, multi-item procurement auction, workers submitwage-bids for …

. We propose a new mechanism that combines a restrictive license auction with royalty licensing. This mechanism is more …-part tariffs. The key features are that royalty contracts are auctioned and that losers of the auction are granted the option to …

-wise match is modeled as an all-pay auction where the winner gets the right to compete at the next round. Equilibrium efforts are …