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

repo auctions. However, whenever interest rates are expected to decline, the minimum bid rate is viewed as too high and …, we perform a panel analysis of the bidder behavior in the repo auctions of the Bundesbank where no minimum bid rate was …

Unique-lowest sealed-bid auctions are auctions in which participation is endogenous and the winning bid is the lowest … bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in pure and mixed strategies. The two …

divestitures. The Dutch government has doneexactly that, organizing auctions to redistribute tenancy rights for highway …

We study auctions in which the number of potential bidders is large, such as in Internet auctions. With numerous … Internet auctions. …

lottery ticket.li one license is auctioned, auctions select the firm that is least risk averse.This is what we call the risk …

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 …

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

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 …