the transaction price according to semi-strong form efficiency. We see that Kyle's call auction market is no longer a …

incorporates a random number of participating bidders in each auction, allows for any bid distribution, and is not restricted to … the single-auction expected revenue function. We show that a monotone staircase with unit jumps policy is optimal and … order condition is met in common online auction mechanisms …

Drawing on the real-options theory we analyse bidding behaviour in a sealed-bid-first-score procurement auction where …

We consider a general auction model with infinitely divisible commodity and price functions and give a new existence … via this auction mechanism. This property holds also true in the case of joint constraints for players, when they become … mutually dependent. We deduce a new existence result for oligopolistic problems from that for the general auction one …

We propose several new equilibrium models for auction based markets and show that they admit equivalent variational …