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 …