. We relate bloggers' activity with the size and structure of their network of fellow bloggers. A blogger's readership …

governance, strong network effects have been exhibited in the two types of platforms, which have not only fostered numerous start …

, auctions with open outcry, and even, occasionally, sealed bid auctions. However, the standard procedure for establishing art … valuations is most commonly the English auction, where prices ascend in open bidding. The primary, but not the only, alternative …, is the Dutch auction, where the auctioneer starts at a high price and reduces it until a bidder is found. …

prices, capturing producer rents and reducing the costs of alleviating network constraints. Moreover, auctions are more … allocations relative to negotiation and grandfathering when there is sufficient competition among network users. Historically …, access rights to entry capacity on the British gas network were granted by the monopoly network owner via negotiation; rights …

transmission rights is crucial. In an efficient arbitraged uniform price auction, generators will only obtain contracts that … mitigate their market power. However, if generators inherit transmission contracts or buy them in a ‘pay-as-bid’ auction, then … these contracts can enhance market power. In the two-node network case, banning generators from holding transmission …

This paper, forthcoming in Journal of Economic Surveys, provides an elementary, non-technical, survey of auction theory … a companion book, The Economic Theory of Auctions, Paul Klemperer (ed,), Edward Elgar (pub.), 1999.) We begin with the … most fundamental concepts, and then introduce the basic analysis of optimal auctions, the revenue equivalence theorem, and …

in Seattle in August 2000. We discuss the strong connections between auction theory and standard economic theory, and … argue that auction-theoretic tools and intuitions can provide useful arguments and insights in a broad range of mainstream … economic settings that do not, at first sight, look like auctions. We also discuss some more obvious applications, especially …

This paper studies the optimal auction for a seller who is bound to sell a single item to one of two potential buyers … organized in a ”well-coordinated” cartel. After discussing the way the cartel reacts to any auction mechanism, we show that if …