technique that leads to a reduction in cost. Following the auction in the second stage of the game these firms compete against … technique is a private information to the concerned firm. In the model, the auctioneer is the government. Before the auction …, the government announces whether she will reveal the bids after the auction, which is her choice variable. This paper …

tax it would pay for acquiring monopoly rights on a particular venture, posted publicly on a government-auction website … pain of losing the auction to a competitor. With minimal government intervention, the “invisible hand” of economic theory …

such procurement is an English auction followed by an auctioneer's option to engage in ultimatum bargaining with the winner … equilibrium strategy of exiting the auction at their costs and then accepting strictly profitable offers. Buyers generally … with auction prices when they should be invariant. We explain this deviation by modeling buyers' subjective posteriors …

decrease as they participate in more auctions; (3) auction selection ability does not improve (and may get worse) with …

In an auction with a buy price, a seller offers bidders the opportunity to forgo competing in an auction by transacting … auction's reserve price and buy price, she does best to keep her aspirations sufficiently low by designing a no …-reserve auction with a buy price low enough that some bidder types would exercise it with positive probability in equilibrium. The …

If agents engage in resale, it changes bidding in the initial auction. Resale offers extra incentives for bidders with … lower valuations to win the auction. However, if resale markets are not frictionless, then use values affect bidding … incentives, and stronger bidders still win the initial auction more often than weaker ones. I consider a first price auction …

In a standard auction, bidders bid more aggressively when the number of bidders increases. However, Krishna and … simultaneous second-price sealed-bid auction for two objects with two types of bidders: single-object and multiple-object demand …

The paper compares different auction formats for sale of a single patented innovation for budget constrained bidders … auction price and also to develop the new technology, the winner has incentives to pay a low amount for his unit to increase … equilibria for all studied auction mechanisms. These equilibria produce di¤erent consumer surplus and, thus, a central government …