The purpose of this paper is to compare the two auction techniques (discriminatory and uniform-price auctions) most … auction. Theoretical models arrive at different rankings for expected revenue; however, they do reveal the relationship … between the bids submitted and the auction technique. These results are confirmed both by 'laborator' experiments and the …

their auction end at the evening, when many potential buyers may be online. …

auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …

a simple design initially enhances competition in the auction. Moreover, the procurer cannot benefit from using a multi …-dimensional auction, as the optimal scoring rule depends only on the price. …

trade at a fixed price before an auction. In the "Buy-It-Now" format, the seller offers a price prior to the auction …

In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature …

costs” and examine the optimal keyword auction mechanisms (KAMs) in a general model that takes into account advertiser … auction designs and hold implications for search engines, advertisers, and Internet users …

default on his bid: augmenting the standard first price auction with an ex-post verification of the responsiveness of the bids … and using an average bid auction. I show that when penalties for defaulting are asymmetric across bidders and when their … valuations are characterized by a predominant common component, the average bid auction is preferred over the standard first …

of a multi-object auction. After the auction either all bids or only the prices to be paid are revealed to all firms … bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …