a simple design initially enhances competition in the auction. Moreover, the procurer cannot benefit from using a multi …-dimensional auction, as the optimal scoring rule depends only on the price. …

We scrutinize the scope of auctions in the presence of downstream interactions and information externalities by using …-cost firm under incomplete information: a separating auction implies adverse selection and relies substantially on commitment to … allocation and transfer rules. A pooling auction serves as a commitment device against ex-post opportunistic behavior and …

. 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 …

The second-generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in … a simultaneous ascending-bid auction.The present paper gives an account of the events, describes the auction rules and … market conditions, and provides a theoretical explanation of low price equilibria in simultaneous, ascending-bid auctions …

This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland … introduced in England and adopted in Switzerland and elsewhere is a cause of the disappointing performance of many UMTS auctions … to import some keyingredients of the auction design employed in Germany and Austria. This would have assured higher …

competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and …The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more … presents a game theoretic explanation of observed events during the crucial phase of that auction, which have puzzled several …

Auctions of government bonds are the main allotment method used by the Treasury of advanced economies. Previous … research has found that auctions have an influence on the market yield days before they take place, and underpricing is usually … deeper and more accurately these two findings by taking Italy as a case study. Our results question the so-called auction …

We analyse procurement auctions in which sellers are distinguished on the basis of the ratios of quality per unit of … ratio offered is selected as the winner of the auction. We model the decision process as based on a general noisy ranking of …

I extend multi-unit auction estimation techniques to a setting in which firms can express cost complementarities over … time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate …