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 …

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

auctions, with multidimensional independent types and no monotonic assumptions. When the conditions are not satisfied, we are …

of the timber sale auctions held in Oregon illustrate the usefulness and feasibility of our approach. …

We study security-bid auctions in which bidders compete for an asset by bidding with securities. That is, they offer … payments that are contingent on the realized value of the asset being sold. Standard auction mechanisms (such as first …-price and second-price auctions) are not well defined unless the set of securities is restricted to an ordered set. For example …

auctions with bidding credits. Moreover, both the buyer and seller receive more surplus in the English auction with bidding …We consider two mechanisms to procure differentiated goods: a request for quote and an English auction with bidding … the seller who offers the greatest difference in quality and price. In the English auction with bidding credits, the buyer …