examine the effect of increased competition on auction performance: We find that increased competition reduced bidder surplus … aggressive bidding. Counterfactuals establish that as competition increases, concerns regarding auction format play a smaller …

examine the effect of increased competition on auction performance: We find that increased competition reduced bidder surplus … aggressive bidding. Counterfactuals establish that as competition increases, concerns regarding auction format play a smaller …

Perfectly discriminating contests (or all pay auction) are widely used as a model of situations where individuals …

auction price tends to be lower. Finally, prices in services and goods sectors are more sensitive to changes in the number of …

Using online auction data, we address the endogeneity involved in estimating the eff ect of the number of bidders on …

electricity demand, to meet supply adequacy problems. In this paper, we analyze what it requires to have a competitive auction …, even if they have lots of bidders but with low power-generating capacity for contracting. For practical auction design, we … found that encouraging more bidders' entry in the auction results in lower expected prices than increasing existing bidders …

auction. In our model, firms are invited into the auction at positive costs, and a bureaucrat runs the auction on behalf of a … bureaucrat will invite more than socially optimal number of firms into the auction. Secondly, the effects of corruption on … spending. In the case of proportional bribe, the bureaucrat may invite fewer or more firms into the auction, depending on how …

more quickly increases one's WTP in an auction. Evidence from five experiments demonstrates this effect and pinpoints the … bidding behavior (1) is serially mediated by the perception that the auction is more intensely competitive and by a greater … desire to win, (2) is distinct from the effects of time pressure and of the auction's duration or overall rate of progression …

-unit (pay-as-bid) auctions. I characterize bidding behavior and investigate auction design features that could increase revenues … instead of selling all in one auction …