We examine takeover auctions when an informed bidder has better informationabout the target value than a rival and …

acquirer initiates the takeover, and competitive operations, in which the target organizes an informal auction across potential …We analyze takeover operations in which (i) bidding firms are risk-averse; (ii) offers can be made using cash or equity …

negotiation processes belong) do less well, and, in fact, often worse than simply holding an efficient auction. In each case, we … numerical benchmark to study practical and simple buying procedures such as scoring auctions and negotiation. Specifically, we … between the expected revenue from the optimal mechanism and the efficient auction. Sequential procedures (to which many …

their auction end at the evening, when many potential buyers may be online. …

We consider the set-up of a Japanese-English auction with exogenously fixed discrete bid levels for the wallet game …

paper studies a model where firms precommit to capacity levels before competing in a uniform price auction. The analysis … equilibrium, the inefficient firm obtains a relatively large market share. -- spot market ; capacity game ; auction mechanism …

In this paper we present a new iterative acution, the bisection auction, that can be used for the sale of a single … indivisible object. We will show that the bisection auction is computationally more efficient than the classical English auction … while it still preserves all characteristics the English auction shares with the Vickrey auction: There exists an …