bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the … of a multi-object auction. After the auction either all bids or only the prices to be paid are revealed to all firms …

trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows … sellers to post prices at which buyers can purchase a good prior to the auction. Even though, buyer behavior is well studied … auction market (the eBay platform and eBay traders) with the techniques of lab experiments. We find a striking link between …

In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature …

Potential bidders respond to a seller's choice of auction mechanism for a common-value or affiliated-values asset by …. Privately informed participants decide whether to incur a bid-preparation cost and pay an entry fee, or cease competing. Auction … revenue identity for any auction mechanism implies that optimal auctions are allocatively efficient; a nontrivial reserve …

This paper studies optimal auction design when the seller can affect the buyers' valuations through an unobservable ex …

auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …

trade at a fixed price before an auction. In the "Buy-It-Now" format, the seller offers a price prior to the auction …

-player strategic game, modeled as an all-pay auction, each athlete has private information about his actual physical ability and choses … number of athletes affects the doping decision in two ways. More competition increases the incentives to dope for strong …

transparency improves the revenue of the auctioneer. An issue with the uniform-price auction is that seemingly collusive equilibria …