This paper revisits recent empirical research on buyer credulity in arts auctions and auctions for assets in general …

stabilizing these" long swings" through replacing continuous asset trading with electronic auctions. First, the paper sketches the … replacing continuous trading with electronic auctions, e.g., every three hours. This approach is theoretically more appealing …

We use data on sequential water auctions to estimate demand when units are complements or substitutes. A sequential …

Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the …

behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …

licensing without reducing bidders' surplus; therefore, it is more profitable than both standard license auctions and pure …

The literature on license auctions for process innovations in oligopoly assumed that the auctioneer reveals the winning …, partial, and no disclosure of bids, which correspond to standard auctions. We show that more information disclosure increases …

revenue in case of trade. As an application we investigate the choice between posted prices and auctions and demonstrate that … technique to compare the selling probabilities and revenues of posted prices and auctions and confirm our theoretical …