This paper revisits recent empirical research on buyer credulity in arts auctions and auctions for assets in general …

A principal uses security bid auctions to award an incentive contract to one among several agents, in the presence of … auctions, although it cannot extract the entire surplus implement efficient effort. Hence, profit sharing emerges without risk …

of combining auctions and royalty contracts for losers. …

Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the …

The literature on license auctions for process innovations in oligopoly assumed that the auctioneer reveals the winning …, partial, and no disclosure of bids, which correspond to standard auctions. We show that more information disclosure increases …