distressed assets for the claimants’ benefit. Still, what is the optimal design of a bankruptcy auction? Does the method used to … execute a bankruptcy auction matter at all? Does one auction method fit all bankrupt firms? Surprisingly, these questions have … not been answered yet, as auction design in the specific context of bankruptcy has barely been studied. This paper …

We consider a general auction model with infinitely divisible commodity and price functions and give a new existence … via this auction mechanism. This property holds also true in the case of joint constraints for players, when they become … mutually dependent. We deduce a new existence result for oligopolistic problems from that for the general auction one …

signal’s informativeness, the all-pay auction raises lower revenue than the second-price auction, whereas the revenue ranking … between the all-pay and the first-price auction is ambiguous …

The siting of noxious facilities is most of the time a reason for conflict. Kunreuther et al. [1986] and O … that, in a two-city region, the high-bid auction is far superior to the low-bid auction. This paper proposes to extend the … an new auction mechanism, named total-bid auction, and we show that it has theoretical properties superior to previous …

The siting of noxious facilities is most of the time a reason for conflict. Kunreuther et al. [1986] and O … that, in a two-city region, the high-bid auction is far superior to the low-bid auction. This paper proposes to extend the … an new auction mechanism, named total-bid auction, and we show that it has theoretical properties superior to previous …

In multi-object auction models with unitary demand agents, if agents utility functions satisfy quasi-linearity, three … auction formats, sealed-bid auction, exact ascending auction, and approximate ascending auction, are known to identify the … results for multi-object auction models with agents with multi-unit demand, and matching with contracts models are also …

bidders account for this trade-off, using a sequential procurement auction with private cost information and varying …