efficiency of the allocation. The experiment reported here tests the behavioral components of these comparative … with theory, the overall proportion of efficient allocations is lower than in the first- price auction before information …

-oriented setting. An auction is a market institution with an explicit set of rules determining resource allocation and prices on the … Turkish GSM 1800 MHz auction held in April, 2000 within auction theory and competition policies framework. According to the … findings of this study, since the auction design inappropriately dealt with market conditions, Is-Tim, winning bidders of one …

In this paper, we study an auction where bidders only know the number of potential applicants. After seeing their … values for the object, bidders decide whether or not to enter the auction. Players may not want to enter the auction since … sealed-bid auction when participation is endogenous. We show that only bidders with values greater than a certain cut …

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 study the influence of product market competition on the first-price sealed auction and the English ascending … auction with independent cost types. Bidders, valuing the license basing on the information released in the first stage … thus how much to bid, but also the information released in the auction when they win. As in the English ascending auction …

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. …