abandoned them. The common explanations given for the lack of popularity of the auction method in the US, viz., issuer … theory predicts. Both uniform price and discriminatory auctions are plagued by unexpectedly large fluctuations in the number …

Standard theory implies that the discount rates used by firms in investment decisions (i.e., their required returns to … below the one- to-one mapping assumed by standard theory, with substantial heterogeneity across firms. This pattern leads to …

drop in foreign producer surplus relative to free trade. Previous estimates of auction revenue are in the range of $3 7 … auction revenue is $1 3-2.15 billion, and the foreign loss is $0.5-O.7 billion relative to free trade. One alternative to … auction quotas is a system of tariff-rate quotas, which are designed to keep supplier countries welfare equal to that in free …

This paper contains a review of the burgeoning research that has been designed to shed light on how the art auction … are fairly long periods in which art prices may diverge across geographic areas and even auction houses. Third, we review … collusion with Christie's, the other great public auction house, was actually engineered. Contrary to the way the proceeds from …

We explore the sensitivity of the U.S. government's ongoing incentive auction to multi-license ownership by … broadcasters. We document significant broadcast TV license purchases by private equity firms prior to the auction and perform a … prospective analysis of the effect of ownership concentration on auction outcomes. We find that multi-license holders are able to …