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 …

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 …

information setting we show: (1) if the objects are sold by means of a sequence of open ascending auctions, then it is always …

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 …