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 …We investigate the role of competition on the outcome of Austrian Treasury auctions. Austria's EU accession led to an …

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 …We investigate the role of competition on the outcome of Austrian Treasury auctions. Austria's EU accession led to an …

, which raises efficiency and seller's revenues. Efficiency and revenues are also higher when more bidders enter the auction. …

This paper analyzes a common-value, first-price auction with state-dependent participation. The number of bidders …

The paper studies competition for the market in a setting where incumbents (and, to a lesser extent, neighboring …

on actual competition and contract outcomes are ambiguous. We pool a decade of US federal procurement data to shed light …

. We report a series of first-price auction experiments to measure the degree of inefficiency that occurs with financially … roughly the same manner as rational bidders, with observed efficiencies close to predicted levels. Increased competition and …