A "core-selecting auction mechanism" is a direct mechanism for a multi-item allocation problem that selects a core … exists a profile of truncation reports that is a full-information Nash equilibrium for every core-selecting auction with … preference profile if and only if the auction always selects a bidder optimal allocation with respect to the reported preferences …

interests that played a deci- sive role in the establishment of the auction mechanism. The article provides an analysis of the … formal and informal rules of the auction trade for real estate and argues that 19 th century real estate auctions did not … than auction theory assumes. …

possible to uncover with access to the whole distribution and significant size of the offered amounts at each auction. Moreover … with changes in market yields for an extended period after the auction suggesting that purchase operations have a more …

. In the preparation of the auction, two designs involving each a hybrid of an English and a sealed-bid auction were … also compare the results to those with a pure English auction. Both hybrids are similar in efficiency, revenue differences … disappear as bidders get experienced. Compared to the discriminatory format, the pure English auction gives new entrants better …

as auction mechanisms are being explored in more depth. The typical data utilized in such studies involves repeated … measures of auction outcomes, where the variable of interest involves order statistics from the sample of bids from many bids … auctions for a relatively homogeneous good, computer monitors sold on eBay. We discuss how outcomes of the auction mechanism …

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …

This paper investigates how compositional changes in the UK labour market affect the matching process between vacancies … and job seekers. We augment a state space representation of the aggregate matching function with a measure of job seekers … developments in the literature. The baseline results show that matching efficiency declined by around 15% between 1995 and 2010 but …