There is a great deal of late bidding on internet second price auctions. We show that this need not result from either … private value auctions. The reason is that very late bids have a positive probability of not being successfully submitted, and … this opens a way for bidders to implicitly collude, and avoid bidding wars, in auctions such as those run by eBay, which …

This paper studies the bidding behavior of firms in U.S. Forest Service timber auctions in 1976--1990. When conducting … timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and … incorporates both differential information and the fact that bids placed in timber auctions are multidimensional. The theory …

research in the field. The chapter is organized by types of goods for sale and covers auctions of timber, construction and … services procurement, oil and gas leases, online auctions, internet advertising, electricity, financial securities, spectrum …

I show that frequent batch auctions for stocks have the potential to reduce the severity of stock price crashes when … second apart batch auctions results in nearly the same trades and prices. Increasing the time interval between auctions to … the literature, frequent batch auctions have not caught on. There is a need for carefully designed market experiments to …

Choice screen auctions have been recently deployed in 31 European countries, allowing consumers to choose their … show that a seemingly minor detail in the design of these auctions--whether they are conducted on a "per appearance" or a … expected overall market share. I also show that "per install" auctions distort the incentives of alternative search engines …