Regulating bidder participation in auctions can potentially increase efficiency compared to standard auction formats … with free entry. We show that the relative performance of two such mechanisms, a standard first-price auction with free … 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 …

We employ a novel approach to identify overbidding in the field. We compare auction prices to fixed prices for the same … switching costs, since also the expected auction price exceeds the fixed price. Limited attention to outside options is most …

. 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. …

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 …

This paper proposes an estimation method for a repeated auction game under the presence of capacity contraints. The … asymmetry, the auction can be inefficient. Based on the estimates of costs, we quantify efficiency losses. …