ensuing auction, leading to loss of efficiency and eliminating the revenue dominance typically observed in firstprice auctions. …

heterogeneity in the dispersion of private value components. I use the asymmetric ascending auction model of Hong and Shum (2003) to …

expected quantities sold and selling prices of some endogenous-quantity procurement auction formats. The resulting equilibrium … second-price auction yields both higher expected prices and lower expected quantities than the first-price auction. This … result is consistent with similar studies showing suboptimality of auction mechanisms that allow for winning bids of less …

We study a symmetric private value auction with signaling, in which the auction outcome is used by an outside observer … exists in the second-price auction and the English auction. We establish there is no equivalence between these two auction … clock, affects signaling incentives differently in both auction formats, and thereby also the bidders’ incentives to overbid …

We study a symmetric private value auction with signaling, in which the auction outcome is used by an outside observer … exists in the second-price auction and the English auction. We establish there is no equivalence between these two auction … clock, affects signaling incentives differently in both auction formats, and thereby also the bidders’ incentives to overbid …

takeover bidding, charity auctions, procurement and art auctions. We show that auction revenue can be decomposed into the … standard revenue from the respective auction without signaling concern, and a signaling component. The latter is the bidders … revenue decomposition restores revenue equivalence between different auction designs, provided that the same information about …

In many auctions, matching between the bidder and seller raises the value of the contract for both parties. However … depresses bids. The more matching matters, the greater the penalty associated with observing the matches …

In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature …