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 …

In this paper the sequence of winning bids in the public auction of used cars in New Jersey is examined for the … sale. In a further contrast to many other studies, these data indicate that the prices tend to increase as the auction …

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 …

, which raises efficiency and seller's revenues. Efficiency and revenues are also higher when more bidders enter the auction. …

from auction alternatives in recent years, despite significantly lower costs in both direct fees and initial underpricing … when using the auction mechanism. This paper shows that in the French market, where the frequency of book-building and …

learns his own valuation. Using a simple discrete asymmetric first-price auction setting, we show that a bidder may indeed …-price auction model. Finally, we use a specific signaling structure with uniform distributions to show that signaling need not be …

seconds of an auction, knowing that bids arriving after the closure of the auction are not counted. They also bid several … times at the same auction. We model Internet auction as a dynamic multi-unit auction. This let us explain the rationality of …

.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more … for these qualitative effects of auction format. We then calibrate the model using parameters estimated from the data and … bidder competitiveness, which has important consequences for auction choice. …