’s valuation of an item can cause bidders to bid more aggressively. This widely accepted result in auction theory remains largely …A number of papers in the theoretical auction literature show that the release of information regarding the seller … bids was even larger for projects where the common uncertainty in costs is greater. Moreover, the within-auction standard …

This paper develops an understanding toward a theory of asset subscription. When a firm needs to raise cash from an … 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. …