their auction end at the evening, when many potential buyers may be online. …

€“bid auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …

effort and private information. We compare two procurement mechanisms where potential sellers first bid in an auction for …-price auction. We characterize Bayesian Nash equilibria such that both mechanisms are payoff-equivalent and induce the same efforts … and innovations. In these equilibria, signaling in the entry auction does not occur since contestants play a simple …

of a multi-object auction. After the auction either all bids or only the prices to be paid are revealed to all firms … bidders’ costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …

_- ciencies we propose mechanisms that include some form of an auction in which applicants bid for subsidies. Our proposals are …

of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions … positive externality. Nevertheless, pooling does not occur; and the profit-share auction is strictly more profitable than the … first-price auction, regardless of whether firms observe the synergy parameter or only the winning bid before they play the …