auctions for IPO pricing and allocation. IPO firms face a trade-off between the benefit of accurate and reliable IPO price … measuring the impact of two key variables on this trade-off: capacity restraint and discount on the auction clearing price …. Using controlled experiment methodology in multi-unit uniform price auctions we found that the most capacity …

European and national cartel authorities have required dominant national gas pipelines to auction off certain … quantities (typically about 10 % of their sales) to competitors. Do such auctions really improve the competitiveness of the … wholesale market? Based on a model where oligopolistic pipelines could voluntarily auction gas to competitors (or precommit on …

annuities are bought and sold in a private market via a two-stage process: first-price auctions followed by bargaining. We model … well. Counterfactuals show that simplifying the current mechanism with English auctions and “shutting down” risk ratings …