We study the relative performance of the first‐price sealed‐bid auction and the second-price sealed‐bid auction in a … reveals the winner’s payment to an outside observer. We find that the first‐price sealed‐bid auction in which the winner … for the design of charity auctions, art auctions, and spectrum auctions …

fluctuations in prices. In this paper, we examine the dynamic auction design and propose a method to curb price volatility through …

reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to … and legal arguments for and against an auction reserve price. Our economic analysis concludes that an auction reserve …

This paper presents an empirical model of sponsored search auctions in which advertisers are ranked by bid and ad … information’ assumption. The ad value is characterized by a tractable analytical solution given observed auction parameters. Using … Yahoo! search auction data, we estimate value distributions and study the bidding behavior across product categories. We …

contest with an all-pay auction equilibrium (r ≥ 2). By contrast, if she aims at maximizing the expected aggregate effort or …

auction process. We also show how the benefits associated with the head-start given to districts with more Church land … initially, and thus greater land redistribution by auction during the Revolution, dissipated over the course of the nineteenth …

a reservation bid for low-price auctions. Extending results from the empirical auction literature and employing a …This paper proposes a framework for demand estimation with data on bids, bidders' identities, and auction covariates … from a sequence of eBay auctions. First the aspect of bidding in a marketplace environment is developed. From the simple …

reputation building in bilateral bargaining, while buyer competition effectively masks this concern and robustly yields …