-bid, second-price sequential auctions. We demonstrate that whether agents price higher or lower than in the corresponding static …

-bid, second-price sequential auctions. We demonstrate that whether agents price higher or lower than in the corresponding static …

Short-term auctions for access to entry terminals of the British gas-network appear to successfully allocate scarce … resources and capture scarcity rent. Now long-term auctions are being introduced to guide future capacity expansion decisions …-term auctions for transmission capacity are not necessarily preferable to regulatory approved capacity expansion. …

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

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 …

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 …

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

Public agencies mainly rely on two modes to procure goods and services: auctions and direct negotiations. We study a … 1994 policy change in Germany that introduced the possibility to procure rail services in auctions as well as in direct …, auctions improve service levels and reduce prices. As a result, surplus on auctioned lines increased by about 30 …