The purpose of this paper is to compare the two auction techniques (discriminatory and uniform-price auctions) most … auction. Theoretical models arrive at different rankings for expected revenue; however, they do reveal the relationship … between the bids submitted and the auction technique. These results are confirmed both by ‘laboratory’ experiments and the …

In an auction with a buy price, the seller provides bidders with an option to end the auction early by accepting a … transaction at a posted price. The "Buy-It-Now" option on eBay is a leading example of an auction with a buy price. This paper … develops a model of an auction with a buy price in which bidders use the auction's reserve price and buy price to formulate a …

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

In an auction with a buy price, a seller offers bidders the opportunity to forgo competing in an auction by transacting … auction's reserve price and buy price, she does best to keep her aspirations sufficiently low by designing a no …-reserve auction with a buy price low enough that some bidder types would exercise it with positive probability in equilibrium. The …