all-pay auction. Bidders' abilities are affiliated through an underlying state of the world and are accessible by the …

In this paper Myerson-Satterthwaite theorem with asymmetric First price auction (FPA) has been subject of investigation … bid. This type of auction may not be Pareto efficient (this condition requires that the item is allocated to the bidder … to another bidder. In the auction setting we set reserve price that causes efficiency loss and decreases probability of …

pay. We analyze bidding behavior in a first-price auction in which the knowledge of the bidders about the distribution of … the first-price auction exists. …

We study when equilibrium prices can aggregate information in an auction market with a large population of traders. Our …

aggregate dispersed information. Another reason behind the frequent utilization of open auction formats may be that they … and in the potential activation of behavioral biases: (i) the ascending Vickrey auction, a closed format; and two open … formats, (ii) the Japanese-English auction and (iii) the Oral Outcry auction. Even though bidders react to information …

We analyze a divisible good uniform‐price auction that features two groups, each with a finite number of identical …

to flat securities. To extract information rents, the optimal securities auction involves a contingent cash payment; and …

the approach in second-price and first-price auctions, we establish our main result that there is no efficient auction in …