auction formats in public procurement. The difference-in-differences strategy used exploits a data set of auctions for public … works run alternately under first price and average bid auctions. We find that the use of first price auctions causes a … marked decline in both entry and subcontracting. We also find that the type of firms entering first price auctions changes …

Combinatorial auctions--in which bidders can bid on combinations of goods--can increase the economic efficiency of a … auctions, but the issue of cognitive complexity remains an unexplored barrier for the online marketplace. This study uses a … data-driven approach to explore how bidders react to the complexity in such auctions using three experimental feedback …

competitive market. These outcomes are generated as perfect equilibria of ascending-bid, multiunit auctions. We show that these … have recently been adopted. We argue that these equilibria could explain the low revenues of some recent auctions, and …

revenue-maximizing and socially optimal equilibria under uniform pricing, preemptive, and nonpreemptive priority auctions with … conditional bid equilibria are unique and induce the socially optimal allocations. The auctions yield gains in system net value … and provider profit over uniform pricing, which are dramatically larger for the preemptive mechanism. Both auctions …

, seller, or both, and what combinations of commission and buy-in penalty to use. We show that auctions which combine buy …-in penalties with lower commissions Pareto-dominate auctions that use only commissions. This strategy motivates the seller to set a …

To date, the largest part of literature on multi-unit auctions has assumed that there are k homogeneous objects being … of ordering in sequential auctions inconsequential. The aim of this paper is to introduce and highlight the critical …-price auctions two heterogeneous jobs, and faces a diverse set of suppliers with capacity constraints. …