This paper explores, through a series of experiments, the effect of shill bidding upon revenues and prices in auctions … benefits to the bidders. Finally, even though there were too many bidders that submitted bids in these auctions, the number of …

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 …

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

a companion book, The Economic Theory of Auctions, Paul Klemperer (ed.), Edward Elgar (pub.), 1999.) We begin with the … most fundamental concepts, and then introduce the basic analysis of optimal auctions, the revenue equivalence theorem, and … marginal revenues. Subsequent sections address risk-aversion, correlation and affiliation, asymmetries, entry costs and the …

auctions in situations where bidders have privately known "demand curves'' and extended to include situations with …

specifications, full incompatibility and preemption are again observed at the equilibrium. With incompatibility, entry deterrence …

The theoretical literature on industrial organization has been argued that firms hold excess capacity to deter entry … hold excess capacity not for entry deterrence but for getting higher benefit from other business strategy such as licensing …