submitted bid. The reverse auction has immerged as the most commonly adopted dynamic auction for this setting. In a reverse … auction, suppliers first submit the qualities of their goods and then the suppliers participate in an auction with the same … message space as an open outcry English auction (descending because this is a procurement auction.) However, the auction is …

paper studies whether such inefficiencies can be removed by implementing a survival auction mechanism. Survival auctions are … the auction from one round to the next. Such auctions have been shown to be strategically equivalent to ascending …-unit demand Vickrey survival auction in which all but the lowest bidder make it to the next round and compare the outcomes to a …

We consider competitive bidding for a business license, via an open ascending-price auction, between two symmetric …

We consider a model where bidders in an auction own passive partial claims over their rivals’ auction profits. While …-value auction, we find that such cross ownership has an effect similar to reducing the number of bidders while holding constant the … distribution of the highest value in the auction. A similar decrease in competition occurs in independent private-value second …

In this paper I first present a new convergence result which will derive an optimal auction mechanism as a limit of … standard nonlinear pricing mechanisms. For example, an optimal auction mechanism of Myerson (1981) will be explicitly derived … characterize an optimal auction mechanism for heterogeneous objects from multiproduct nonlinear pricing mechanisms of Rochet and …

-price, sealed-bid auction models when bidders are asymmetric. We also demonstrate that, in the presence of a binding reserve price …-bid auctions. The differences are illustrated by comparing the kernel-smoothed nonparametric estimators for each auction format …

to contact prospective bidders and inform them about the auction. When bidders' types are independent (with …