a companion book, The Economic Theory of Auctions, Paul Klemperer (ed.), Edward Elgar (pub.), 1999.) We begin with the … most fundamental concepts, and then introduce the basic analysis of optimal auctions, the revenue equivalence theorem, and … number of bidders, collusion, multi-unit auctions, double auctions, royalties, incentive contracts, payments for quality …

We study the effect of cross-shareholding among two competing firms on their bidding behavior and the expected sales … is again higher in the first-price than in the second price auction. Bidding behavior in the second-price auction is more …

We study the role of experience in internet art auctions by analyzing repeated bidding by the same bidder in a unique … their bidding behavior throughout time. Participating in more than ten auctions brings down average bids by up to 26%. We … further test several possible explanations for the observed learning behavior and show that the change in bidding strategy is …

part of government procurement auctions for over three decades. In this paper, we examine the impact of a program that … subcontracting requirements affect bidding behavior in federally funded projects. Within a symmetric independent private value … framework, we use the equilibrium bidding function to obtain the cost distribution of firms undertaking projects either with or …

Would a seller prefer to sell multiple objects through sequential or simultaneous auctions? Sequential auctions with …

, both of which play important roles in clarifying bidding behavior in online auctions. … [Zeithammer, R., C. Adams. 2010. The sealed-bid abstraction in online auctions. Marketing Sci. 29(6) 964-987]. Using a conditional … show that inexperienced bidders' reactive bidding is the main cause of the rejection of the sealed-bid abstraction. Their …

exceeded supply through conventional channels, since there was very extensive activity in terms of bidding on eBay auctions for …

picking selectively – an advanced undergraduate or MBA course on auctions and auction design. Part A introduces the basic … superficially unconnected with auctions. Part C discusses practical auction design. Part D describes the one-hundred-billion dollar … 3G mobile-phone license auctions. None of the writing is technical, except in the Appendices. …