advertise with a novel model of demand in an auction market environment. Because we explicitly model the process of arrival of …

auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …

' assessments of capacity scarcity. Under symmetric and risk-neutral suppliers, the two auction formats yield the same expected … procurement cost for buyers, but the discriminatory auction results in substantially lower price variance. When suppliers are risk …

Aftermarket social welfare is largely determined by a procurement auction design. Auctions select firms for operating … aftermarkets, and auctions may also impose restrictions on aftermarket prices the winner can charge. This paper compares … aftermarket social welfare generated by first-price and second-price procurement auctions. It reveals that the social welfare …

I study a principal's optimal choice of constraint for an agent participating in an auction (or auction-like allocation … that the optimal auction with budget-constrained bidders has a standard solution analogous to the one for classic models. …