auction sites including eBay and General Motors Assistance Corporation. A buyer in a buy price auction can accept the buy … price to win with certainty and end the auction early. Intuitively, the buy price option may appeal to bidders who are risk … aversion and time preferences. We develop a private value model of bidder behavior in a buy price auction with a temporary buy …

This paper proposes a framework for demand estimation with data on bids, bidders' identities, and auction covariates … dynamic auction model with IPV and private bidding costs it follows that if participation is optimal the bidder searches with … a "reservation bid" for low-price auctions. Extending results from the empirical auction literature and employing a …

their auction end at the evening, when many potential buyers may be online. …

A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats … papers by Varian (2007) and Edelman, et al. (2007) seem to organize the data well overall. Efficiency under VCG exceeds that … configurations and is statistically significant in most treatments. Revenue capture tends to be similar across auction formats in …

A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats … papers by Varian (2007) and Edelman et al. (2007) seem to organize the data well overall. Efficiency under VCG exceeds that … configurations and is statistically significant in most treatments. Revenue capture tends to be similar across auction formats in …

This paper characterizes the optimal first-price auction (FPA) and second-price auction (SPA) for selling rights … the optimal SPA does, which suggests that FPA dominates SPA in terms of both allocative and Pareto efficiency. Increasing …

This paper shows point identification in first-price auction models with risk aversion and unobserved auction … heterogeneity by exploiting multiple bids from each auction and variation in the number of bidders. The required exclusion … samples and that ignoring unobserved auction heterogeneity can lead to a significant bias in risk-aversion estimates. In an …

This paper analyzes a discriminatory share auction in which bidders submit non-increasing step functions with a bounded …

If bidders are better informed than the seller about a common component of auction heterogeneity, the seller can …-price auction under unobserved auction heterogeneity-imperfectly observed by the seller-that captures this rationale and derive … perfect information about unobserved auction heterogeneity would increase surplus by 5.22%. Combining a secret reserve price …

implementation of the 3 pm local auction for quarters in Germany at the European Power Exchange (EPEX SPOT) in December 2014 to … challenges that are linked with a potential implementation of an intraday auction. …