asset that is too large or too risky for a single individual or financial institution so that an auction method is not … and a SS is provided. The difference between an auction scheme and a subscription scheme is discussed. …

private and common valuations as special cases. We show that the key determinant of bidders' surplus (and implicitly auction … format of the auction matters. If bidders have constant marginal utilities for objects up to some limit, then uniform price …

We investigate the outcome of an auction where the auctioneer approaches one of the two existing bidders and offers an … arrangements, corruption affects both bidding behavior, efficiency and the seller's expected revenue in a first-price auction. …

auction, often at a low price. A bidder with a "toehold" bids aggressively in a standard ascending auction because its offers …'s strategy may be small, the indirect effect is large in a common value auction. When a firm bids more aggressively, its … sealed bid auction. …

the auction format as revenue equivalence cannot be expected to hold. From a theoretical viewpoint, Myerson's (1981 … more practical solution to the seller's problem is suggested by the "Amsterdam auction," where a premium is offered to … encourage weak bidders to compete aggressively. This auction format, which has been used to sell houses in Amsterdam for …

This paper considers bidding automata programmed by experienced subjects in sequential first price sealed bid auction …

A repo auction is a multi-unit common value auction in which bidders submit demand functions. Such auctions are used by … paper, we analyze a repo auction with a uniform pricing rule. We show that under a uniform pricing rule, the usual intuition … auction prices, in turn distorting the policy signals, hindering the conduct of monetary policy. The results agree with …