We review an asymmetric auction experiment. Based on Plum (1992) private valuations of the two bidders are …

allocation rules (first vs. second price auction vs. fair division game). The data analysis of the sealed-bid, private value …

markets in a computerized continuous double auction. The results (i) indicate that the framing of information influenced …

The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more … competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and … presents a game theoretic explanation of observed events during the crucial phase of that auction, which have puzzled several …

We consider auction games where, prior to the auction, bidders spend resources to increase their valuations. The market …

We compare the standard one-bid first price auction to a corresponding two-bid first price auction where each buyer may … the two mechanisms for the symmetric case. We show that subjects in a computerized experiment prefer the two-bid auction … over the one-bid auction when given the possibility of choosing among the two and we claim that this and other aspects of …

The second-generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in … a simultaneous ascending-bid auction. The present paper gives an account of the events, describes the auction rules and …

This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland …. Apart from general market developments, which could not have been anticipated, we argue that auction design which was … to import some key ingredients of the auction design employed in Germany and Austria. This would have assured higher …

This paper analyzes a two-stage sealed-bid auction that is frequently employed in privatization, takeover, and merger … and acquisition contests. This auction format yields the same expected revenue as the open ascending (English) auction …