A model of English auction that allows jump bidding is proposed. When two objects are sold separately via such English … function is superadditive. Consequently, the auction game overly concentrates the goods to a multi-item bidder and never overly …

of people enter an auction for the right to auction a common value good to another group. I find a winnerÂ’s curse among …

-cost firm under incomplete information: a separating auction implies adverse selection and relies substantially on commitment to … allocation and transfer rules. A pooling auction serves as a commitment device against ex-post opportunistic behavior and … alleviates adverse selection. It can earn the investor a higher expected payoff than a separating auction, even when consistency …

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 ‘laboratory’ experiments and the …

An auction is used to sell a resource that is then developed by the winning buyer to generate a profit. Two forms of … general PSCs with nontrivial profit sharing than in an auction with only a one-time payment. …

This paper studies optimal auction design when the seller can affect the buyersʼ valuations through an unobservable ex …

In an auction with a buy price, a seller offers bidders the opportunity to forgo competing in an auction by transacting … auction's reserve price and buy price, she does best to keep her aspirations sufficiently low by designing a no …-reserve auction with a buy price low enough that some bidder types would exercise it with positive probability in equilibrium. The …

. For any number of objects and bidders, both the pure bundling auction and separate, efficient auctions for the single … objects are revenue-inferior to an auction that involves mixed bundling. …

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