passenger railway services in Germany, where regional agencies can use auctions and negotiations to procure regional passenger …Public agencies rely on two key modes to procure goods and services: auctions and direct negotiations. The relative … those with direct negotiations. Taken together, these results indicate a significant efficiency enhancing effect of auctions. …

discuss the current 3G spectrum auctions in Germany and the Netherlands. Auction design is a matter of ‘horses for courses … discuss radiospectrum and football TV-rights auctions, electricity markets, and takeover battles), and the Anglo-Dutch auction …The most important issues in auction design are the traditional concerns of competition policy-preventing collusive …

in Seattle in August 2000. We discuss the strong connections between auction theory and 'standard' economic theory, and … argue that auction-theoretic tools and intuitions can provide useful argument and insights in a broad range of mainstream … economic settings that do not, at first sight, look like auctions. We also discuss some more obvious applications, especially …

buying one unit. The sellers simultaneously set reserve prices and use second price auctions as rationing device. An … demonstrate that not allowing sellers to use second price auctions may enhance total surplus. …

Bidders' asymmetries are widespread in auction markets. Yet, their impact on behaviour and, ultimately, revenue and … profits is still not well understood. In this Paper, I define a natural benchmark auction environment to compare any private … value auction with asymmetrically distributed valuations. I show that the expected revenue from the benchmark auction always …

Which is the more profitable way to sell a company: a public auction or an optimally structured negotiation with a … smaller number of bidders? We show that under standard assumptions the public auction is always preferable, even if it … attracts at least one extra bidder. An immediate public auction also dominates negotiating while maintaining the right to hold …