lottery ticket.li one license is auctioned, auctions select the firm that is least risk averse.This is what we call the risk …

-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the market at low prices …

, contractual, and legal solutions. Our results show that auctions (competition among many informed buyers) provide a solution to …

We analyze sequential Dutch and Vickrey auctions where risk averse, or risk preferring, bidders may have heterogeneous … risk exposures. We derive and characterize a pure strategy equilibrium of both auctions for arbitrary number of identical … the Vickrey sequential auctions. In particular, the "declining price anomaly" is perfectly consistent with nonincreasing …

We analyze the effects of mergers in first-price sealed-bid auctions on bidders' equilibrium bidding functions and on …

In this note, we experimentally examine the relative performance of price-only auctions and multi-attribute auctions …. We do so in procurement settings where the buyer can give the winning bidder incentives to exert effort on non …-price dimensions after the auction. Both auctions theoretically implement the surplus maximizing mechanism. Our experiment confirms …

Many organizations use procurement tenders to buy large amounts of goods and services. Especially in the public sector … the use of these reverse auctions has grown rapidly over the past decades. For the (reverse) unit price auction experience …

If a government auctions the right to market a good, continuity is likely to be of significant importance. In a …