We develop tests for common values at first-price sealed-bid auctions. Our tests are nonparametric, require observation … values auctions. The tests build on recently developed methods for using observed bids to estimate each bidder's conditional … different types of U.S. Forest Service timber auctions. For unit-price ("scaled") sales often argued to fit a private values …

This paper considers how a publisher should set reserve prices for real-time bidding (RTB) auctions when selling …

understanding the design of these liquidation auctions, the research site allowed us to conduct a field experiment on their auction … insights into how sellers may, through the adjustment of starting prices, increase their recovery rates from online auctions …

competitive market. Using an experimental approach, the study compares the performance of these two complex-offer auctions … correspond to the true cost revelation. Two auctions perform similarly in terms of procurement cost and efficiency. Surprisingly …

This paper proposes liquidity subsidies for improving allocative efficiency and price discovery in multi-unit auctions …

at the highest price the seller can obtain from other competing buyers is common in auctions and other economic …. This paper presents the first empirical evidence on the effects of ROFR from 1012 first-price sealed-bid auctions for the …

Electronic auctions have rapidly increased in popularity, but the consequences of switching to an electronic auction …