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 …

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 …

fluctuations in prices. In this paper, we examine the dynamic auction design and propose a method to curb price volatility through …In recent years, a significant problem with the carbon credit market has been the higher than initially predicted price … a flexible supply cap. The equilibrium analysis shows that modifying the cap on per period supply can decrease price …

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 … dynamic auction model with IPV and private bidding costs it follows that if participation is optimal the bidder searches with …

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 …

We analyze strategic leaks due to spying out a rival’s bid in a first-price auction. Such leaks induce sequential …

. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction format in which …Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We …

exists in the second-price auction and the English auction. We establish there is no equivalence between these two auction … their types. This leads to a strictly higher expected revenue in the second-price auction than in the English auction. Our …We study a symmetric private value auction with signaling, in which the auction outcome is used by an outside observer …