The paper compares different auction formats for sale of a single patented innovation for budget constrained bidders … auction price and also to develop the new technology, the winner has incentives to pay a low amount for his unit to increase … equilibria for all studied auction mechanisms. These equilibria produce di¤erent consumer surplus and, thus, a central government …

. Enterprises embarking on a reverse auction initiative often start with their commodity purchases. We conduct laboratory … sealed bid auction and has the same symmetric Nash equilibrium. However, the request for quote allows identification of … strategies in the sell auction counterpart. Consequently we estimate that one-fourth of the subjects follow a simple mark-up rule …

A bidder may increase his bid over the course of an auction when (1) he becomes more certain about his private … return to the auction to submit a bid in a later period. …

oligopoly model with an "endogenous valuations" auction model. Thereby, I take into account that, in an oligopoly, a firm …

payoffs. In addition, there were three particularly interesting extensions from conventional auction models that were examined …

source of cattle for small operations was directly from auction markets (46.9 percent of cattle). For large operations, the …