Auctions used to sell houses often attract a diverse group of bidders, with realtors and speculators out for a bargain …, we consider premium auctions like the one in Amsterdam and demonstrate their revenue-generating virtues in asymmetric … auctions in symmetric and asymmetric settings. The introduction of a premium leads weak bidders to set an endogenous reserve …

Bidders have to decide whether and when to incur the cost of estimating their own values in auctions. This can explain …

preferences for the ascending institution with bidders choosing it overwhelmingly often when entry prices for the two auctions are … the same. When the entry prices of the two auctions differ, many subjects can be shown to be willing to pay more to enter …

‘intervention against pernicious market power is unnecessary’, in markets characterized by auctions or bidding processes …. Furthermore we argue that the term ‘bidding market’ as it is widely used in antitrust is unhelpful or misleading. Auctions and …

number of bids submitted or the bidding patterns observed relative to the control group of auctions held under a uniform …

contrast to the costless information case. Moreover, for a wide class of auctions if the cost of information is not …

, look like auctions. We also discuss some more obvious applications, especially to industrial organization. …