from the field context of the task that theory purports to explain. Using common value auction theory as our guide, we …

Auction theory represents one of the richest areas of research in economics over the past three decades. Yet, whether …, and to what extent, the introduction of secondary resale markets influences bidding behavior in sealed bid first-price …

with free entry. We show that the relative performance of two such mechanisms, a standard first-price auction with free …Regulating bidder participation in auctions can potentially increase efficiency compared to standard auction formats … entry and an entry rights auction, depends non-monotonically on the precision of information that bidders have about their …

role of timing within an ascending auction, and the possibilities for price forecasting -- and how economic and game … auction, in which a new entrant, SpectrumCo, faced all these problems yet managed to purchase nationwide coverage at a … discount of roughly a third relative to the prices paid by its incumbent competitors in the same auction, saving more than a …

. Bidders can "buy-it-now" at a posted price, or "take-a-chance" in an auction where the top d > 1 bidders are equally likely to … mechanism increases revenue by 4.4% and consumer surplus by 14.5% compared to an optimal second-price auction. …Increasingly detailed consumer information makes sophisticated price discrimination possible. At fine levels of …

asymmetric, multi-object, all-pay auction framework in Bodoh-Creed and Hickman (2014). We pay 5th through 8th grade students …

The combinatorial clock auction is becoming increasingly popular for large-scale spectrum awards and other uses …, replacing more traditional ascending or clock auctions. We describe some surprising properties of the auction, including a wide … the auction separates allocation and pricing, so that bidders are asked to make decisions that cannot possibly affect …

-auto auctions, an $80 billion industry where buyers and sellers participate in alternating-offer bargaining when the auction price … fails to reach a secret reserve price. Using 270,000 auction/bargaining sequences, this study nonparametrically estimates …