large number of applications, especially in auction theory, affiliation has limitations that are important to be aware of …

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

In this paper we consider equilibrium behavior in a Dutch (descending price) auction where the bidders are uninformed … auction. We assume that the information acquisition activity is covert. We characterize the equilibrium behavior in a setting …, the Dutch auction produces more revenue than would a first price auction …

This paper characterizes the Nash equilibrium in a pay-as-bid (discriminatory), divisible-good, procurement auction …-ups of the derived equilibrium are compared to results for the SFE of a uniform-price auction …

In this paper we consider equilibrium behavior in a Dutch (descending price) auction where the bidders are uninformed … auction. We assume that the information acquisition activity is covert. We characterize the equilibrium behavior in a setting …, the Dutch auction produces more revenue than would a first price auction …

-strategy equilibrium solutions to the two auctions, and then test them in a sequence of experiments that vary the number of bidders and …Two types of auction were introduced on the Internet a few years ago and have rapidly been gaining widespread … finite and common strategy space specified by the auctioneer. In the unique lowest (highest) bid auction, the winner of the …

The Babylonian bridal auction, described by Herodotus, is regarded as one of the earliest uses of an auction in history …. Yet, to our knowledge, the literature lacks a formal equilibrium analysis of this auction. We provide such an analysis for …