This paper considers the sealed bid and ascending auction, which both identifies the minimum Walrasian equilibrium prices and where truthful preference revelation constitutes an equilibrium. Even though these auction formats share many theortical properties, there are behavioral aspects that are...

This paper analyzes the problem of selecting a set of items whose prices are to be updated in the next iteration in so called simple ascending auctions with unit-demand bidders. A family of sets called "sets in excess demand" is introduced, and the main results demonstrate that a simple...

This paper considers the sealed bid and ascending auction, which both identifies the minimum Walrasian equilibrium prices and where truthful preference revelation constitutes an equilibrium. Even though these auction formats share many theoretical properties, there are behavioral aspects that...

This paper investigates empirically a number of hypotheses that are related to efficiency and price uniformity in online competing auctions for train tickets. The data set is ideal for analyzing competing auctions since each ticket is sold in a separate auction and all auctions with identical...

This paper considers two multi-item auction formats (ascending and sealed bid) which both identify the minimum Walrasian equilibrium prices and where truthful preference revelation constitutes an equilibrium. Even though these auction formats share many theoretical properties, there are...

Kidney transplants across the blood-group barrier are medically feasible even if blood-group compatibility is preferred from a medical point of view. However, these types of transplants are motivated by the fact that they help in increasing the number of kidney transplants with living donors....

We examine a housing market with price controls and show how the allocation problem can be solved through a price system. We demonstrate that the auction of Talman and Yang (2008) always generates a core allocation, thus resulting in a Pareto efficient and stable outcome.

This paper explores a housing market with an existing tenant in each house and where the existing tenants initially rent their houses. The idea is to identify equilibrium prices for the housing market given the prerequisite that a tenant can buy any house on the housing market, including the one...

Problems associated with monopoly power have received considerable attention in economic literature. It is well known that a firm exercising monopoly power over a given market can raise its price above the competitive price. This leads to a dead-weight welfare loss for society. In order to...