similarly but differ in their preference intensities. We characterize optimal allocation rules when individual preferences are …

in resource allocation across research paths, challenging common intuitions about diversification. These insights have …

-linear demand curves with quantities as flows (shares/second). Batch auctions clear all asset markets jointly in discrete time …

There is a great deal of late bidding on internet second price auctions. We show that this need not result from either … private value auctions. The reason is that very late bids have a positive probability of not being successfully submitted, and … this opens a way for bidders to implicitly collude, and avoid bidding wars, in auctions such as those run by eBay, which …

This paper studies the bidding behavior of firms in U.S. Forest Service timber auctions in 1976--1990. When conducting … timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and … incorporates both differential information and the fact that bids placed in timber auctions are multidimensional. The theory …

research in the field. The chapter is organized by types of goods for sale and covers auctions of timber, construction and … services procurement, oil and gas leases, online auctions, internet advertising, electricity, financial securities, spectrum …