detailed price information. Accounting for non-randomness of the sites are auctioned, we find that an obligation to divest … evidence for price effects on nearby competitors …

aggregate dispersed information. Another reason behind the frequent utilization of open auction formats may be that they … and in the potential activation of behavioral biases: (i) the ascending Vickrey auction, a closed format; and two open … formats, (ii) the Japanese-English auction and (iii) the Oral Outcry auction. Even though bidders react to information …

welfare than no regulation, because firms set very high capacities and usage fees. Conversely, an auction on generalised price …. The effects of an auction depend on what the bidders compete. With a bid auction, the bidders compete on how much money … they transfer to the government. This auction leads to the same outcome as the unregulated game (for a given market …

markets are not only interested in the spectrum they win themselves and the price they pay for that, but also in the price … account, CCAs provide bidders with significant gaming possibilities, resulting in high auction prices and problems associated …

as equilibrium phenomena of the ascending auction. In a series of experiments, we compare its performance to that of the … discriminatory auction. Strategic demand reduction is quite prevalent in the ascending auction even when entry by the newcomer … imposes a (large) negative externality on incumbents. As a result, the ascending auction performs worse than the …

bidders, the expected revenue and the optimal bid function in a first price auction result in complicated expressions, except …

We analyze the effects of mergers in first-price sealed-bid auctions on bidders' equilibrium bidding functions and on …

approached about 4500 households, each participating in either an all-pay auction, a lottery, a non-anonymous voluntary … contribution mechanism (VCM), or an anonymous VCM. In contrast to the VCMs, households competed for a prize in the all-pay auction … and the lottery. Although the all-pay auction is the superior fundraising mechanism both in theory and in the laboratory …