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We provide a positive analysis of the equilibrium bidding and bribing strategies with and without corruption in a first …-price, sealed-bid, procurement auction with two-dimensional-type bidders. With corruption, we assume that the quality of the bidders … and bribe decrease in the number of bidders. Moreover, we show that in this auction with corruption, quality is randomly …
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The "Climate action and renewable energy package" proposed by the European Commission in the beginning of 2008 suggests auctioning as basic principle for allocation for the upcoming third trading phase of the EU Emissions Trading Scheme that runs from 2013 to 2020. Overall, it is estimated that...
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In this dissertation auction formats are developed and discussed that focus on three specific economic environments. Regarding the impossibility results from mechanism design, the main task for the implementation of auction designs is to balance allocative efficiency and incentive compatibility...
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Chapter 1: Second-price auctions -- Chapter 2: First-price auctions -- Chapter 3: First-price auctions, Extensions -- Chapter 4: All-pay auctions and auctions with asymmetrically informed bidders -- Chapter 5: Third-price auctions, kth-price auctions, and lotteries -- Chapter 6: The Revenue...
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