This paper deals with empirical matching functions. The paper is innovative in several ways. First, unlike in most of … the existing literature, matching functions are estimated not only on aggregate, but also on disaggregate levels which is …

This paper deals with empirical matching functions. The paper is innovative in several ways. First, unlike in most of … the existing literature, matching functions are estimated not only on aggregate, but also on disaggregate levels which is …

allocation rules (first- vs. second-price - auction vs. fair division game). The data analysis of the sealed-bid, private value …

allocation rules (first- vs. second-price - auction vs. fair division game). The data analysis of the sealed-bid, private value …

formation efficiency in this setup to see how fast prices become informative about the final auction value. We find that prices … from their competitors' bidding behaviour and validates the choice of the agency to implement the auction in the present …

The second–generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in … a simultaneous ascending-bid auction. The present paper gives an account of the events, describes the auction rules and …

The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more … competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and … presents a game theoretic explanation of observed events during the crucial phase of that auction, which have puzzled several …