If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities … into the allpay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the …

We analyze a divisible good uniform‐price auction that features two groups, each with a finite number of identical …

This short paper shows that in an affiliated value setting one more bidder at the auction stage need not induce a …

Spectrum auctions are used by governments to assign and price licenses for wireless communications. Effective auction … design recognizes the importance of competition, not only in the auction, but in the downstream market for wireless …

using the transparency of auction procedures and the discretionary power of the regulator as two complementary instruments …

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 …