This paper revisits recent empirical research on buyer credulity in arts auctions and auctions for assets in general …

The literature on license auctions for process innovations in oligopoly assumed that the auctioneer reveals the winning …, partial, and no disclosure of bids, which correspond to standard auctions. We show that more information disclosure increases …

We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …

of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions …

This paper shows that in online car auctions, resellers are better at appraising the value of the cars they are bidding … on than are consumers. Using a unique data set of online car auctions, I show that differences in bidding behavior … information, one in which consumers are subsidized and one in which consumers are allowed into all-reseller auctions. Finally, I …

The objects for sale in most auctions possess both private and common value elements. This salient feature has not yet …