viewed auctioning as an effective method for the transaction of land, in terms of price determination and transparency … interests that played a deci- sive role in the establishment of the auction mechanism. The article provides an analysis of the … formal and informal rules of the auction trade for real estate and argues that 19 th century real estate auctions did not …

. In the preparation of the auction, two designs involving each a hybrid of an English and a sealed-bid auction were … suggested by the government: a discriminatory and a uniform price variant. We report an experiment on these two designs, and … also compare the results to those with a pure English auction. Both hybrids are similar in efficiency, revenue differences …

of the English auction. We discuss how this finding is related to the seller's degree of risk aversion, the reserve price … auction - in a setting that extends Maskin and Riley (1984, Econometrica 52: 1473-1518) in three aspects: (i) the seller can … be risk averse, (ii) the bidders can have heterogeneous risk preferences, and (iii) the auction can have a binding …

. Relative-performance maximisation may have been important, but the outcome of the British auction seems to have been efficient … Auctions" European Economic Review 2002 and "The Biggest Auction Ever: the Sale of the British 3G Telecom Licenses" Economic …

possible to uncover with access to the whole distribution and significant size of the offered amounts at each auction. Moreover … with changes in market yields for an extended period after the auction suggesting that purchase operations have a more …

vehicle characteristics to present RD estimates of reserve price effects on auction outcomes. Our first set of results show … that, in line with the robust predictions of auction theory, an increase in reserve price decreases the number of bidders … price than those of the average bidder, suggesting auction winners are not the marginal entrant. -- auctions ; regression …

exploit a pre-determined rotation of which of these two houses holds their auction first during auction week in New York City …

article thus explores the inter-relationship between museum/exhibition sites and auction houses in the selling of looted …