In this paper the sequence of winning bids in the public auction of used cars in New Jersey is examined for the … presence of price anomalies. Unlike many studies of heterogeneous objects where the effect of the order of sale on the price … sale. In a further contrast to many other studies, these data indicate that the prices tend to increase as the auction …

a "reservation bid" for low-price auctions. Extending results from the empirical auction literature and employing a …This paper proposes a framework for demand estimation with data on bids, bidders' identities, and auction covariates … dynamic auction model with IPV and private bidding costs it follows that if participation is optimal the bidder searches with …

each round of the auction are implicitly defined (pointwise) by a system of nonlinear equations so that conditions for the … develop an econometric model thus extending the literature on structural estimation of auction models Finally an empirical … example illustrates how equilibrium learning affects bidding during the course of the auction. …

We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction … of tax incidence in consumer economics. We argue, however, that auction markets deserve a separate treatment. Indeed we …

elicitation methods and price rules - in terms of their allocation efficiency, distributional effects, and regularities in … diminishes efficiency. One particular allocation mechanism, relying on sparse information elicitation and the first-price rule …, is found to yield economically superior results to both more complex and second-price based allocation mechanisms. …

from auction alternatives in recent years, despite significantly lower costs in both direct fees and initial underpricing … when using the auction mechanism. This paper shows that in the French market, where the frequency of book-building and …

In economic approaches it is often argued that reputation considerations influence the behavior of individuals or firms … and that reputation influences the outcome of markets. Empirical evidence is rare though. In this contribution we argue … that a positive reputation of sellers should have an effect on selling prices. Analyzing auctions of popular DVDs at eBay …

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction …, and the market is cleared at the price of the most expensive offer needed to meet realised demand. Such markets can most … discontinuity of the required steps can rule out pure-strategy equilibria and may result in price instability. This paper argues …