.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more … small bidders, shift the allocation towards these bidders, and can also generate higher revenue. We propose a model, which … for these qualitative effects of auction format. We then calibrate the model using parameters estimated from the data and …

We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction … of tax incidence in consumer economics. We argue, however, that auction markets deserve a separate treatment. Indeed we …

as their bidding strategies and it precludes the auction from generating a cost-effective allocation of permits, as it …We compare auctioning and grandfathering as allocation mechanisms of emission permits when there is a secondary market …-unit, multi-bid uniform auction, modelled as a Bayesian game of incomplete information. At the auction each firm anticipates his …

play in avoiding such potential bias in contract allocation. …

asymmetric information, clearly identify the expected value of the spectrum, to be used to set auction bases, prices in beauty …

ensuing auction, leading to loss of efficiency and eliminating the revenue dominance typically observed in firstprice auctions. …