the transaction price according to semi-strong form efficiency. We see that Kyle's call auction market is no longer a …

-bidders' auction is similar to the Hawk-Dove game, which motivates to study symmetric NEs: Properties and comparative statics are …

Drawing on the real-options theory we analyse bidding behaviour in a sealed-bid-first-score procurement auction where …

Drawing on the real-options theory we analyse bidding behaviour in a sealed-bid-first-score procurement auction where …

We consider a general auction model with infinitely divisible commodity and price functions and give a new existence … via this auction mechanism. This property holds also true in the case of joint constraints for players, when they become … mutually dependent. We deduce a new existence result for oligopolistic problems from that for the general auction one …

novel call auction model with insider information. Our model predicts that more insider information improves informational … of insider information the call auction performs worse than continuous double auction. Testing these hypotheses in the … lab we find that insider information increases informational efficiency of call auction prices but does not decrease the …

auction sites including eBay and General Motors Assistance Corporation. A buyer in a buy price auction can accept the buy … price to win with certainty and end the auction early. Intuitively, the buy price option may appeal to bidders who are risk … aversion and time preferences. We develop a private value model of bidder behavior in a buy price auction with a temporary buy …