auction sites including eBay and General Motors Assistance Corporation. A buyer in a buy price auction can accept the buy … price to win with certainty and end the auction early. Intuitively, the buy price option may appeal to bidders who are risk … aversion and time preferences. We develop a private value model of bidder behavior in a buy price auction with a temporary buy …

I study the canonical private value auction model for a single good without the quasilinearity restriction. I assume … leads to qualitatively different solutions to the auction design problem. Expected rev- enue is no longer maximized using … supply 1. With enough bidders, it has greater expected revenues than any stan- dard auction, and under complete information …

This paper characterizes the optimal first-price auction (FPA) and second-price auction (SPA) for selling rights …