In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature …

settings in which the class of optimal mechanisms has a deferred acceptance auction representation which allows an … implementation with a descending-clock auction. Only in the case of symmetric projects do price clocks descend synchronously such …

procedure: The procurer awards the contract via a price-only auction and cannot commit not to renegotiate. If cost differences … price exceeds the initial price. Moreover, the procurer cannot benefit from using a multi-dimensional auction, i.e., under … the optimal scoring auction each supplier proposes the standard design. …

continuous double auction, indicate that objectivelyirrelevant information influences trading behavior. Moreover, positively and …

bids. We consider such auctions when two bidders alternate in raising their bids and where all aspects of the auction are … minimal necessary increment aþects the outcome of the auction. We also study the impact of budget caps on total bids. We show …

We study a market in which k identical and indivisible objects are allocated using a uniform-price auction where n > k … bidders each demand one object. Before the auction, each bidder receives an informative but imperfect signal about the state … observes the state. We show that there are equilibria in which the auction price is completely uninformative about the state of …