innovation is obtained, auctions licenses to a pool of producers. Each producer has a private valuation for the license and … licenses and the level of research effort implemented by the innovator in two scenarios: free licensing by the innovator vs … of inefficiencies: an excessively high price for licenses and a suboptimal dissemination of knowledge, and an excessively …

auctions bid on numerous spectrum licenses simultaneously, with bidding remaining open on all licenses until no bidder is …Abstract This paper describes the bid signaling that occurred in many of the FCC spectrum auctions. Bidders in these … them on which licenses to bid and which to avoid. This “code bidding” occurs when one bidder tags the last few digits of …

We study auctions where bidders have independent private values but attach a disutility to the surplus of rivals, and … derive symmetric equilibria for first-price, second-price, English, and Dutch auctions. We find that equilibrium bidding is … more aggressive than standard predictions. Indeed, in second-price auctions it is optimal to bid above one's valuation …

auctions---as the result of other bidders trying to avoid stimulating the victim into learning more about his value. The idea …