auction observations needed in order for revenue under the estimated reserve price to approximate revenue under the optimal … incomplete bid data typically available to the auction designer in online auctions for advertising or e-commerce. This direct … reserve arbitrarily closely. This simple approach to estimating reserves may be particularly useful for auction design in Big …

, deterring serious bidders from entering the auction, and lowering the expected transaction price of the auction. We also present …Sellers in eBay auctions have the opportunity to choose both a public minimum bid amount and a secret reserve price. We …, versus the option of making the reserve public by using it as the minimum bid level. In a field experiment, we auction 50 …

We investigate the "generalized second price" auction (GSP), a new mechanism which is used by search engines to sell … properties of GSP in a dynamic environment, we describe the generalized English auction that corresponds to the GSP and show that …

buyers. In an auction all entry decisions are made prior to any bidding. In a sequential bidding process earlier entrants can … auction is more conducive to entry in several ways it usually generates higher expected revenue …

Ticketmaster. We first show theoretically that Ticketmaster's auction design, a novel variant of position auctions, has attractive … efficiency, revenue and no-arbitrage properties. Then, by combining primary-market auction data from Ticketmaster with secondary …

the type of auction considered. The equilibria of a static auction with this distribution of values is used to … characterize the equilibria of the dynamic auction, making this general class very tractable. As a result of the option of future … rebidding, early bids are shaded and under mild conditions increase toward the end of the auction. Our results are consistent …

information that relies on price-taking and rational expectations. We first characterize sovereign bond prices for different … degrees of asymmetric information under two commonly-used protocols: discriminatory-price auctions and uniform-price auctions …

This paper compares outcomes from informally negotiated oil and gas leases to those awarded via centralized auction. We …

data. Moreover, numerous innovations in auction-design features on platforms such as eBay have created excellent research … timing of bids and winner's-curse effects) and seller strategies (including reserve-price policies and the use of buy …-now options) in online auctions, as well as some of the literature dealing with online-auction design (including stopping rules …