We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction … of tax incidence in consumer economics. We argue, however, that auction markets deserve a separate treatment. Indeed we …

approach is the simultaneous ascending auction, in which many related lots are auctioned simultaneously in a sequence of rounds … variation, the package clock auction, adopted by the UK, which addresses many of the problems of the simultaneous ascending … auction while building on its strengths. The package clock auction is a simple dynamic auction in which bidders bid on …

to ensuring that auction outcomes were in the public interest and promoted broader economic growth, social development … access and service imperatives are too often overlooked in auctions, whilst high auction fees may increase the cost to … communicate. Finally, poor auction design can lead to auction failure and log-term harm to the economy and the sector …

A strategy to convert quotas to tariffs is to auction the quota rights and use the realized auction prices as guides to … tariff equivalents and auction prices for auctions with resale. Using panel data from New Zealand's quota license auctions … model's predictions. The predictions fail, suggesting either that auction prices may understate or that aftermarket prices …

cars and celebrity memorabilia. The internet auction site is remarkably easy to use, which accounts in part for its huge … lens of auction theory. The result is this book, in which Steiglitz shows us how human behaviors in open markets like eBay … outbids you in an auction's closing seconds, the early bidder who treats eBay as if it were an old-fashioned outcry auction …

In numerous auction settings potential bidders incur costs to enter the auction. Such costs may potentially influence …, through a complete information common value auction. We run first and second price auctions both with and without entry costs …