If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities … into the allpay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the …

We scrutinize the scope of auctions in the presence of downstream interactions and information externalities by using …-cost firm under incomplete information: a separating auction implies adverse selection and relies substantially on commitment to … allocation and transfer rules. A pooling auction serves as a commitment device against ex-post opportunistic behavior and …

Two experimental treatments are used to study the effects of auction risk across five mechanisms. The first canonical … neutral Nash equilibrium is prevalent in all common auction mechanisms except for the English auction. We do not find evidence …

common. Should external costs have considerable influence on site selection outside of the auction process, optimal bidding …-cost bidding. This is less likely when externalities are not internalised. For markets where bids are competitively priced, this … paper provides evidence to suggest that methods to minimise externalities associated with renewables deployment should be …