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 correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary …

; menstrual cycle ; gender ; likelihood of conception ; first price auction ; risk behavior ; competition ; bidding …In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we …

price is revenue-inferior. Optimal auctions are otherwise contentless: any auction that sells without reserve becomes …Potential bidders respond to a seller's choice of auction mechanism for a common-value or affiliated-values asset by …. Privately informed participants decide whether to incur a bid-preparation cost and pay an entry fee, or cease competing. Auction …

bids. We consider such auctions when two bidders alternate in raising their bids and where all aspects of the auction are … minimal necessary increment affects the outcome of the auction. We also study the impact of budget caps on total bids. We show …

In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to … asking price and that this offer may be accepted if the seller receives no better offers. Despite their prevalence in a … environment with a few simple, realistic ingredients and demonstrate that using an asking price is optimal: it is the pricing …

-maximizing seller is a fixed price contract with an "at-will'' clause: the seller can choose to cancel the contract upon discovering her … production cost. However, sometimes the seller can do better by offering a guaranteed-delivery price at the ex-ante stage and a … second price at the ex-post stage if the buyer rejects the first offer. Such a "limited commitment'' mechanism can raise …

effort and private information. We compare two procurement mechanisms where potential sellers first bid in an auction for … admission to an innovation contest. After the contest, an innovation is procured employing either a fixed prize or a first-price … auction. We characterize Bayesian Nash equilibria such that both mechanisms are payoff-equivalent and induce the same efforts …