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 …

We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect … of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions … positive externality. Nevertheless, pooling does not occur; and the profit-share auction is strictly more profitable than the …

We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect … of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions … positive externality. Nevertheless, pooling does not occur; and the profit-share auction is strictly more profitable than the …

of a multi-object auction. After the auction either all bids or only the prices to be paid are revealed to all firms … bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …

Consider a market where producers submit supply functions to a procurement auction - e.g. an electric power auction …

of a multi-object auction. After the auction either all bids or only the prices to be paid are revealed to all firms … bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …

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 …

auctions in a symmetric oligopoly with capacity constrained firms. Under both the Market Clearing and Maximum Accepted Price … which the monopoly outcome with equal sharing is sustainable in the uniform price auction, but not in the corresponding … discriminatory auction. Moreover, capacity withholding may be necessary to sustain this outcome. We extend these results to the case …

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 …