repo auctions. However, whenever interest rates are expected to decline, the minimum bid rate is viewed as too high and …, we perform a panel analysis of the bidder behavior in the repo auctions of the Bundesbank where no minimum bid rate was …

In practice, the rules in most open English auctions require participants to raise bids by a sizeable, discrete amount … bidder aggressiveness they will encounter in actual auctions. We also examine how these strategies change with the auction … bidding. Our model examines open English auctions where bidders have independent, private valuations. We find that discrete …

We study, theoretically and experimentally, sealed-bid first-price auctions with and without package bidding. In the …