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

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

; 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 …

In the framework of a first-price private-value auction, we study the seller as a player in a game with the buyers in …

-like characterizations in the knapsack model of sharing economies and prove Border-like characterizations in a matching model that allows … each player to have arbitrary numbers of types, and in a ranked-item auction model with a group-specific quota constraint. …

We conduct an experiment in which we auction the scarce rights to play the Proposer and Responder positions in … fees according to the auction price sequences observed in the auction treatment. With endogenous selection into ultimatum … games via auctions, we find that play converges to a session-specific Nash equilibrium and auction prices emerge which …

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 …

We analyze strategic leaks due to spying out a rival’s bid in a first-price auction. Such leaks induce sequential …