We briefly survey several insights about value and revenue maximization in multi-object auctions and apply them to the …

market conditions, and provides a theoretical explanation of low price equilibria in simultaneous, ascending-bid auctions …

introduced in England and adopted in Switzerland and elsewhere is a cause of the disappointing performance of many UMTS auctions … revenue or more competition. The paper closes with several proposals on how one should conduct future spectrum auctions. …

competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and …

During the recent sales of UMTS licenses in Europe some countries used auctions while others resorted to so … argument why beauty contests or negotiations might be dominated by auctions, which is closely linked to the multi …

A principal uses security bid auctions to award an incentive contract to one among several agents in the presence of … call a fixed wage contract, tends to outperform all other auctions, although it is not an optimal mechanism. However, by … adding output targets to hybrid share auctions one can (arbitrary closely) implement the optimal mechanism. …