We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect …. Unlike cash auctions, profit-share auctions are not revenue equivalent, and the second-price profit-share auction is more …

This paper characterizes the Nash equilibrium in a pay-as-bid (discriminatory), divisible-good, procurement auction …-ups of the derived equilibrium are compared to results for the SFE of a uniform-price auction …

This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland …. Apart from general market developments, which could not have been anticipated, we argue that auction design which was … to import some key ingredients of the auction design employed in Germany and Austria. This would have assured higher …

auction formats that make bidding difficult and risky in different ways. We find that measures of `difficulty' provide a …

This paper studies the extent to which equilibrium land auction prices are pushed up sequentially due to strategic … bidding behaviors in government land auction sales. Using a unique data set that covers the universe of tendering prices … submitted by all developers for all residential land auction sales in Singapore, we find that a tenderer's bids are …

This paper studies the extent to which equilibrium auction prices are affected by the order of sale and the extent of … product differentiation in the context of government land auction sales. We propose a simple two-stage differentiated duopoly … model where an incumbent winner of land from a previous auction bids on a new piece of land with the anticipation of …

auction formats on suppliers' strategies in the presence of transmission constraints and transmission costs is still very … constraints and transmission costs. When the transmission capacity is binding, the discriminatory price auction could outperform … the uniform price auction, minimizing the equilibrium price and the transmission costs. Moreover, when the transmission …

to auction revenues, there is a tradeoff: provisions aimed at fostering post-auction competition in the downstream market … typically results in lower prices for consumers, but also in lower auction proceeds. We first characterize the optimal auction …