Auctions are increasingly being used to allocate emissions allowances (“permits”) for cap and trade and common …-pool resource management programs. These auctions create thick markets that can provide important information about changes in …-bid auctions and for multiround clock auctions, with or without end-of-round information about excess demand. Price inertia is …

We present evidence from 260,000 online auctions of second-hand cars to identify the impact of public reserve prices on … price than those of the average bidder, suggesting auction winners are not the marginal entrant. -- auctions ; regression …

investigate several puzzles from the recent auctions literature. Our results suggest that: (1) the reputation of an artist and the …) there is strong evidence in our data for the declining price anomaly, or "afternoon effect". -- Art auctions ; masterpiece …

We analyze sequential Dutch and Vickrey auctions where risk averse, or risk preferring, bidders may have heterogeneous … risk exposures. We derive and characterize a pure strategy equilibrium of both auctions for arbitrary number of identical … the Vickrey sequential auctions. In particular, the "declining price anomaly" is perfectly consistent with nonincreasing …

In eBay s Buy-it-Now auctions sellers can post prices at which buyers can purchase a good prior to an auction. We study … prices below those expected in second price auctions. Our proposed extension of the model results not only in a better fit of …

Reverse auctions are considered a fast and inexpensive price discovery tool to award procurement contracts and it is …