Unique-lowest sealed-bid auctions are auctions in which participation is endogenous and the winning bid is the lowest … bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in pure and mixed strategies. The two …

divestitures. The Dutch government has doneexactly that, organizing auctions to redistribute tenancy rights for highway …

We study auctions in which the number of potential bidders is large, such as in Internet auctions. With numerous … Internet auctions. …

lottery ticket.li one license is auctioned, auctions select the firm that is least risk averse.This is what we call the risk …

If a government auctions the right to market a good, continuity is likely to be of significant importance. In a …

conditions under which auctions may select inefficient firms and therefore lead to an inefficient allocation of resources …

activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while … effects, the latter has the upper hand; average bids decrease monotonically over the consecutive auctions. Since repetition …

Globally, governments increasingly rely on auctions to advance renewable energy. This paper studies the design of wind … farm auctions and evaluates the impact of price guarantees and subsidies on auction efficiency, government revenue, and …