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. …

ratio offered is selected as the winner of the auction. We model the decision process as based on a general noisy ranking of …

We consider auction games where, prior to the auction, bidders spend resources to increase their valuations. The market …

auction to guard against firms bidding low to win the contract and then cutting back on effort. While competition helps reduce …

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 …

-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 … alleviates adverse selection. It can earn the investor a higher expected payoff than a separating auction, even when consistency …

. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction format in which …

- that an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In …

propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects … that may prevent corruption, and compare them to the fee schedules employed by major auction houses. …