valuations is most commonly the English auction, where prices ascend in open bidding. The primary, but not the only, alternative …, is the Dutch auction, where the auctioneer starts at a high price and reduces it until a bidder is found. …

auction system works, what it indicates about price formation, and how well it performs. We begin with a short description of … the mechanics of the auction system and then organize the remainder of our discussion around two major topics. The first … topic concerns how researchers have used auction prices. We begin by discussing the returns to holding art and whether …

markets in silico, using electricity markets and on-line double auctions as illustrations. A monopoly sealed-bid auction is … examined in the tenth paper, and a new auction mechanism is evolved and analyzed. The chapter concludes that, as modeling the …

auction data can be learned without restrictions beyond those derived from the relevant economic model. This enables us to … take a nonparametric perspective in discussing how the structure of auction models can be combined with observables to … uncover (or test hypotheses about) primitives of interest in auction markets. We focus on first-price sealed-bid and ascending …

condition for total monotonicity. The REE is an efficient SCF so it is attainable by an auction if and only if it satisfies …

We construct a neural network algorithm that generates price predictions for art at auction, relying on both visual and … non-visual object characteristics. We find that higher automated valuations relative to auction house pre-sale estimates … average prices. Furthermore, we show that auctioneers' prediction errors are persistent both at the artist and at the auction …

unallocated. We also highlight how our mechanism can be implemented as an auction with minimum bids and bidding subsidies. …

that a discriminatory auction design favoring low-wind-yield locations leads to a tradeoff between production costs and … auction levels intra-technology discrimination through the reference yield model leads to a reduction of consumer costs of …