After the close of an auction, the winning bidder may find that he is unable to carry out his bid offer. This paper …

Several new auction formats are spreading over the Internet. They have usually the aim of raising revenues by … price. The aim of this paper is to study a format of descending price auction with hidden starting price and endogenous … price decrease. In this format, usually known as price reveal auction, the price is hidden and players have to pay a fee to …

Several new auction formats are spreading over the Internet. They have usually the aim of raising revenues by … price. The aim of this paper is to study a format of descending price auction with hidden starting price and endogenous … price decrease. In this format, usually known as price reveal auction, the price is hidden and players have to pay a fee to …

mechanism is proposed for the first time: a truthful multi-unit Vickrey-Dutch auction of callable tokens (i.e., a new hybrid … security of tokens packaged with callable warrants). Truthful bidding is an ex-post Nash equilibrium strategy and the auction … the auction and its underpricing. An implementation demonstrates its practical viability. …

mechanism is proposed for the first time: a truthful multi-unit Vickrey-Dutch auction of callable tokens (i.e., a new hybrid … security of tokens packaged with callable warrants). Truthful bidding is an ex-post Nash equilibrium strategy and the auction … the auction and its underpricing. An implementation demonstrates its practical viability. …

I solve a first-price auction for two bidders with asymmetric budget distributions and known valuations for one object … distributions, with asymmetric budget distributions, a second-price auction can yield a strictly higher revenue than a first …-price auction. Under an additional assumption, I derive the unique equilibrium utilities and bid distributions of both bidders in an …