This paper uses data from a natural experiment to compare two institutions: a simple English auction and bilateral … between bargaining skills and an ability to make profit at the auction …

The generalized second-price (GSP) mechanism is the most widely-used auction format in sponsored search markets … nature of the auction format and the infinite number of equilibria. Our study characterizes various equilibrium bidding …

This paper studies the $\alpha-$double auction in Xu et al. (2014) and extends their results to the case where $\alpha …-$double auction converges to a Walrasian equilibrium of the underlying exchange economy. The assignment problem and an exchange … economy with indivisible goods (Bikhchandani and Mamer 1997) typified by the noted job matching model in Kelso and Crawford …

In light of recent developments in auction theory, this Article re-examines Delaware corporate law governing directors … directors resolves to sell a corporation, it must obtain the highest price reasonably available. Auction theory posits that, in … the rules of the auction. Delaware law, however, does not fully endorse directors' ability to make such precommitments …

select in which auction to bid. In this note we show that when buyers are linked with a subset of the sellers (i.e. when …

though the fees themselves implicitly reduce competition at the auction stage. We also highlight that admission fees and … and Klemperer (1996) that market thickness often takes precedence over market power in auction design …

A "core-selecting auction mechanism" is a direct mechanism for a multi-item allocation problem that selects a core … exists a profile of truncation reports that is a full-information Nash equilibrium for every core-selecting auction with … preference profile if and only if the auction always selects a bidder optimal allocation with respect to the reported preferences …

We conduct an experiment in which we auction the scarce rights to play the Proposer and Responder positions in … fees according to the auction price sequences observed in the auction treatment. With endogenous selection into ultimatum … games via auctions, we find that play converges to a session-specific Nash equilibrium and auction prices emerge which …

auction is the better selling mechanism. However, why exactly an auction should be preferred is unclear. Here we present an …