all-pay auction. Bidders' abilities are affiliated through an underlying state of the world and are accessible by the …

, deals with bidders' anticipated regrets from winning and from losing the auction. It exploits the stochastic properties of … the auction format and rationalizes: (i) Nash equilibrium bidding, (ii) (non-)monotone overbidding and (iii) fully cursed …

This work introduces a novel iterative combinatorial auction that aims to achieve both high efficiency and fast … convergence across a wide range of valuation domains. We design the first fully adaptive-price combinatorial auction that … gradually extends price expressivity as the rounds progress. We implement our auction design using polynomial prices and show …

pay, under symmetric independent private values. The first-price auction is the unique credible static mechanism. The … ascending auction is the unique credible strategy-proof mechanism …

This paper endogenizes auction timing and initiation in auctions of real options. Because bidders have information rent …, a seller faces a "virtual strike price" higher than the actual exercise cost. She inefficiently delays the auction to … seller's private benefit at option exercise may restore efficient auction timing, but option exercises are always …

Governments and corporations frequently auction assets with embedded real options using both cash and contingent bids …, without sellers' commitment to the security design, as seen in informal auctions such as corporate acquisitions, all auction …

though the fees themselves implicitly reduce competition at the auction stage. We also highlight that admission fees and … and Klemperer (1996) that market thickness often takes precedence over market power in auction design …

price auction. There are at least three potential bidders in the market which differ in their willingness to pay for the … auction and obtains the license. In stage 2, it purchases inputs required for producing the particular service which is then …

does not effect their price decisions. Compared to an eBay auction without a BIN-price, the BIN-auction is more efficient …