We present a competing-auction theory of the labour market, where job candidates auction their labor services to … employers. An equilibrium matching function emerges which has many of the features commonly assumed, including constant returns … to scale in large economies. The auction process also generates an equilibrium wage dispersion among homogeneous workers …

We present a competing-auction theory of the labour market, where job candidates auction their labor services to … employers. An equilibrium matching function emerges which has many of the features commonly assumed, including constant returns … to scale in large economies. The auction process also generates an equilibrium wage dispersion among homogeneous workers …

We study the relative performance of the first‐price sealed‐bid auction and the second-price sealed‐bid auction in a … reveals the winner’s payment to an outside observer. We find that the first‐price sealed‐bid auction in which the winner …

-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. …

Spectrum auctions are used by governments to assign and price licenses for wireless communications. Effective auction … design recognizes the importance of competition, not only in the auction, but in the downstream market for wireless …

evaluate alternative auction mechanisms …