-block auction. We base our estimation of bidder values on a pairwise stability condition, which implies that two bidders cannot … approximately satisfied in data that we examine from economic experiments. The lack of post-auction resale also suggests pairwise …

The combinatorial clock auction is becoming increasingly popular for large-scale spectrum awards and other uses …, replacing more traditional ascending or clock auctions. We describe some surprising properties of the auction, including a wide … the auction separates allocation and pricing, so that bidders are asked to make decisions that cannot possibly affect …

changes make the actions of bidders less visible during the auction and also limit the set of bids which can be submitted by a … this proposition using data from 4 auctions: the PCS C Block, Auction 35, the Advanced Wireless Service auction and the 700 … Mhz auction. We examine the frequency of jump bids, retaliatory bids and straightforward bids across these auctions. While …

An oil lease auction is the classic example motivating a common values model. However, formal testing for common values … has been hindered by unobserved auction-level heterogeneity, which is likely to affect both participation in an auction …

We explore the implications of ownership concentration for the recently-concluded incentive auction that re …. We show that in the reverse auction, in which TV stations bid to relinquish their licenses, multi-license owners have an …

realizations. We propose a new auction mechanism where the firm that bids the least present value of revenue from tolls (LPVR) wins … LPVR auction for a fixed-term auction are large (e.g. one-third of the cost of the highway) …

profit of larger firms. We explain these findings by connecting to the theory of optimal auction design …

customer bids, and dealers observing customer bid can predict the auction cutoff price better. Customers also respond …

lowers mean borrowing costs by 9-10%. We estimate a structural auction model to measure markups and to illustrate and …