competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and … was predominantly employed in Europe. -- auctions ; telecommunications ; industrial organization ; game theory …

This paper surveys the literature on auctions. To a large part it is concerned with revenue and efficiency …) auctions are analysed. The analysis focuses on the strategic aspect of the bidding process, i.e. the game-theoretic auction … reviewing empirical work resulting from real-life auctions or controlled laboratory experiments. The importance of auctions in …

, yet is less susceptible to preemptive bidding and collusion. -- Auctions …

the converse is not generally true. Moreover, first- and second-price auctions are not always revenue equivalent. Indeed … diseconomies. -- auctions ; procurements ; sequential auctions ; economies of scale …

the two auctions are the same. When the entry prices of the two auctions differ, many subjects can be shown to be willing … expectations about the risk preferences of their opponents. -- bidder preferences ; private values ; sealed bid auctions … ; ascending auctions …

behavior. -- experiments ; sealed-bid private-value auctions …

Weekly repo auctions are the European Central Bank's most important policy instrument. Provided that banks bid … seriously, these auctions should reveal useful information about banks' liquidity needs and the stance of monetary policy … ; auctions ; European Central Bank …