In public sector procurement, social welfare often depends on the time taken to complete the contract. A leading … departments have introduced innovative contracting methods based on scoring auctions that give contractors explicit time …

, replacing more traditional ascending or clock auctions. We describe some surprising properties of the auction, including a wide …

-auto auctions, an $80 billion industry where buyers and sellers participate in alternating-offer bargaining when the auction price …

demand schedules in a sequence of double auctions. A stationary linear equilibrium and its efficiency properties are … characterized explicitly in closed form. Slow trading (few double auctions per unit of time) serves as a commitment device that …

estimation method to repeated highway construction procurement auctions in the state of California between May 1996 and May 1999 …

We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U ….S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more …

Consumer auctions were very popular in the early days of internet commerce, but today online sellers mostly use posted … account for this evolution. Instead, the returns to sellers using auctions have diminished. We develop a model to distinguish … two hypotheses: a shift in buyer demand away from auctions, and general narrowing of seller margins that favors posted …