If a government auctions the right to market a good, continuity is likely to be of significant importance. In a …

by now a large literature arguing that auctions with a variety of after-market interactions may not yield an efficient …. We show that auctions with flexible entry fees have a fully revealing equilibrium where bidders signal their type before …

increase in anticipation of auctions of new issues and decrease after the auction, while no or a smaller such effect is present …

This paper considers a government auctioning off multiple licenses to firms who compete in a market after the auction … result does not generalize to the case of multiple licenses and aftermarket competition. In particular, we determine … conditions under which auctions may select inefficient firms and therefore lead to an inefficient allocation of resources …

There is by now a large literature arguing that auctions with a variety of after-market interactions may not yield an … auctioneer. We show that auctions with flexible entry fees have a fully revealing equilibrium where bidders signal their type …

We experimentally examine the effectiveness of a leniency program against bidding rings in two commonly used auctions …

Unique-lowest sealed-bid auctions are auctions in which participation is endogenous and the winning bid is the lowest … bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in pure and mixed strategies. The two …

We study auctions in which the number of potential bidders is large, such as in Internet auctions. With numerous … Internet auctions. …

This paper develops one possible argument why auctioning licenses to op- erate in an aftermarket may lead to higher … lottery ticket. li one license is auctioned, auctions select the firm that is least risk averse. This is what we call the risk … decision variable) in the marketplace than an average firm. When multiple licenses are auctioned, this conclusion gets …

Where markets are insufficiently competitive, governments can intervene by auctioning licenses to operate or by forcing … divestitures. The Dutch government has done exactly that, organizing auctions to redistribute tenancy rights for high- way gasoline … lowers prices by over 2% while the auctioning of licenses without such an obligation has no discernible effect. We find no …