In uniform price, sealed-bid day-ahead electricity auctions, the market price is set at the intersection between aggregate demand and supply functions built by a market operator. Each day, just one agent - the marginal generator - owns the market-clearing plant. Day-ahead auctions are moreover...

This paper employs data from the National Association of Realtors to analyze the time series and cross sectional patterns of bidding wars for houses. The paper generates a number of novel stylized facts. Bidding wars – where multiple buyers compete for a house and push its sales price above...