auction in the world. We find that there is a substantial price decline and suggest that the presence of a buyer's option …, whereby the winner of the first auction has the opportunity to buy the remaining units at the winning price, is a main … this declining price anomaly. In this paper we analyze data on sequential Dutch auctions of roses from the largest flower …

include these costs and explain this belief. We first present a decision-theoretic model of a slow Dutch auction. While simple … develop a game-theoretic model of a slow Dutch auction. We derive two symmetric, payoff-equivalent equilibria of the game in …

detailed price information. Accounting for non-randomness of the sites are auctioned, we find that an obligation to divest … evidence for price effects on nearby competitors …

with such preferences. We show that the Dutch auction systematically yields a higher revenue than the first-price auction … in the expected utility case. We also show that introducing a "buy-it-now-price" to the first-price auction increases …This paper investigates first-price and Dutch auctions when bidders have preferences exhibiting the Allais paradox. We …

is for sale, Dutch and first-price sealed bid auctions are strategically equivalent in standard models, and therefore …, they should yield the same revenue for the auctioneer. We study Dutch and first-price sealed bid auctions in the laboratory …, with a specific emphasis on the speed of the clock in the Dutch auction. At fast clock speeds revenue in the Dutch auction …

An Anglo-Dutch premium auction consists of an English auction followed by a Dutch auction, with a cash premium paid to …-Dutch premium auction is particularly well-suited to do both. Modeling equilibrium play theoretically, we predict a positive …-Dutch premium auction appears to have been an effective solution to a complex early market design problem …

bid on prices, but also received points for three proxies of the quality of their services: their reputation, a … scoring weights of the quality items result in higher price bids, particularly of WTW-firms that are bidding for the first … time as entrants. For the WTW-firms that won the procurements, we find a higher weight for both the reputation and the …