We analyze the optimal reserve price in a second price auction when there are N types of bidders whose valuations are … decrease. Finally, we give sufficient conditions that ensure the seller will not use a reserve price; hence, the auction will …

We examine auction data to determine if bid rigging presents in procurement auctions for paving works in Ibaraki City … the ring is all-inclusive if the auction is not the bidding war, we estimate the scheme by which the ring allocates a win …

This paper analyzes an auction mechanism that excludes overoptimistic bidders inspired by the rules of the procurement … exclusion rule reduces the probability of suffering a monetary loss induced by winning the auction, and also mitigates the …

procedure. Producers who join this new auction institution have the incentive to raise their bids and pull up the EMP in order … new auction institution (i) are close to the production cost and coincide with those of the standard FPA under the …

In a second-price sequential auction with both global and local bidders, we explore the optimal order for selling …

This study explores two key factors influencing subjects' deviation from domi- nant bidding in Vickrey auction … analyze the effect of understanding SP, we quiz subjects before an experimental Vickrey auction and examine whether their … Vickrey auction experiments is not human interaction but a lack of understanding of SP. …