acquirer initiates the takeover, and competitive operations, in which the target organizes an informal auction across potential …

We develop an auction model for the case of interdependent values and multidimensional signals in which agents …' information is not independent. We show that a modification of the Vickrey auction which includes payments to the bidders will …

We study the optimal entry fee in a symmetric private value first-price auction with signaling, in which the … participation decisions and the auction outcome are used by an outside observer to infer the bidders' types. We show that this … auction has a unique fully separating equilibrium bidding function. When the bidders' sensibility for the signaling concern is …

-riding by uninformed bidders. We further show that the Linkage Principle can fail to hold even in a pure first-price auction …

derive the unique symmetric equilibrium of the first price auction for any symmetric, possibly correlated, distribution of …

by Bénabou and Tirole (2016), we demonstrate that rankings can reduce welfare distortions of optimal screening contracts …

games not in this class may have non-convergent market equilibria. This is the case for the k-double auction: we find that …. -- Matching and bargaining ; search ; double auctions ; foundations for perfect competition ; rate of convergence …