-bid auctions. The Vickrey auction and the alternative ascending-bid auction (Ausubel 1996) have important theoretical advantages … for sellers. In a setting without private information, these auctions achieve the maximal revenue as a unique equilibrium …

. By withholding quantity in some circumstances, the seller can improve revenues or mitigate collusion. In the Vickrey …

signals, we characterize optimal auctions with resale. We prove generally that with perfect resale, the seller's incentive to …

We examine bid data from the first two broadband PCS spectrum auctions for evidence of value synergies. First, we …

Auctions typically involve the sale of many related goods. The FCC spectrum auctions and the Treasury debt auctions are … winnings. This incentive creates an inefficiency in multi-unit auctions. Large bidders reduce demand for additional units and …-your-bid pricing. We also establish that the ranking of the uniform-price and pay-your-bid auctions is ambiguous. We show how a Vickrey …

and to facilitate the revelation of preferences in the bids. Simultaneous clock auctions are especially desirable formats … for auctioning many divisible goods. We examine the properties of these auctions and discuss important practical …

financial crisis, using market mechanisms such as reverse auctions where appropriate. This paper presents a high-level design … descending clock auctions. The auctions operate on a security-by-security basis to avoid adverse selection. To assure that the … largest three sellers. Demand bids from private buyers are also allowed. The simultaneous clock auctions protect the taxpayer …

auctions would price the equity purchases through a competitive process. …