We study auctions of a single asset among symmetric bidders with affiliated values. We show that the second-price … the losers’ bids. In particular, we show that the k-th price auction generates higher revenue than the second-price … auction minimizes revenue among all efficient auction mechanisms in which only the winner pays, and the price only depends on …

In search advertising, a search engine uses a generalized second-price auction to sell advertising slots adjacent to … second-price auction: how should a search engine strategically decide on the number of advertising slots? To answer this …

Suppose that bidders may publicly choose not to learn their values prior to a second-price auction with costly bidding …

) optimal allocation with two bidders is achieved through the second-price auction. In a special class of asymmetric n …

overbid more than higher value bidders, and they overbid more frequently in the second price auction than in the ascending …