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 … detailed price information. We find that anobligation to divest lowers prices by over 2% while the auctioning of licenses …

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

This paper develops one possible argument why auctioning licenses to op-erate in an aftermarket may lead to higher … 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 …

This paper considers a government auctioning off multiple licenses to firms who compete in a market after the auction … result does not generalize to the case of multiple licenses and aftermarket competition. In particular, we determine … conditions under which auctions may select inefficient firms and therefore lead to an inefficient allocation of resources …