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 consider a private-value auction with one-sided incomplete information in which two objects are sold in a sequence … gather private information, which leads to aggressive bidding in the first-stage auction …

), the auction organizer can commit ex ante to fully disclosing or concealing bidders’ valuations. We find that full … expected revenue, and 2) with many bidders, it tends to increase expected revenue. When the low valuation is zero, the auction …

In a number of observed procurements, the buyer has employed an auction format that allows for a split-award outcome …-award format relative to a winner-take-all unit auction format. Model predictions are assessed with data on submitted ‘step …

In the framework of a first-price private-value auction, we study the seller as a player in a game with the buyers in …

estimate and the degree to which bidders know the inherent cost estimate precisions in the auction. We find that more …

an all-pay auction. We find that information sharing does not occur if players’ types are negatively correlated; if …

auction in the world. We find that there is a substantial price decline and suggest that the presence of a buyer's option …, whereby the winner of the first auction has the opportunity to buy the remaining units at the winning price, is a main …

which the auctions are terminated, is a frequently observed phenomenon in empirical auction studies. Using an unsurpassed … sequential auctions, namely, the timing of auction ends and the presentation order of the auctions in a sequence. We find that …