ensuing auction, leading to loss of efficiency and eliminating the revenue dominance typically observed in firstprice auctions. …

heterogeneity in the dispersion of private value components. I use the asymmetric ascending auction model of Hong and Shum (2003) to …

In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature …

This paper considers the ramifications of post-auction competition on bidding behavior under different bid announcement … policies. In equilibrium, players attempt to signal information to their post-auction competitors through their bids. Thus, an … auction procedures in the world today …

; and rst-price, second-price, and all-pay auctions. Second, we establish revenue equivalence of these auction mechanisms in … auctions. Finally, we identify an optimal mechanism and its implementation by means of reserve prices in lottery and auction …

-prices, bidders are reluctant to bid above the option price (even though the option is no longer available once an auction has started …

pay. We analyze bidding behavior in a first-price auction in which the knowledge of the bidders about the distribution of … the first-price auction exists. …

aggregate dispersed information. Another reason behind the frequent utilization of open auction formats may be that they … and in the potential activation of behavioral biases: (i) the ascending Vickrey auction, a closed format; and two open … formats, (ii) the Japanese-English auction and (iii) the Oral Outcry auction. Even though bidders react to information …

aggregate dispersed information. Another reason behind the frequent utilization of open auction formats may be that they … and in the potential activation of behavioral biases: (i) the ascending Vickrey auction, a closed format; and two open … formats, (ii) the Japanese-English auction, and (iii) the Oral Outcry auction. Even though bidders react to information …