In this paper the sequence of winning bids in the public auction of used cars in New Jersey is examined for the … sale. In a further contrast to many other studies, these data indicate that the prices tend to increase as the auction …

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction …

large number of applications, especially in auction theory, affiliation has limitations that are important to be aware of …

-good/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and …

more importantly we characterize novel mixtures over partly increasing supply functions. -- Pay-as-bid auction ; divisible … good auction ; mixed strategy equilibria ; wholesale electricity markets …

This paper proposes a framework for demand estimation with data on bids, bidders' identities, and auction covariates … dynamic auction model with IPV and private bidding costs it follows that if participation is optimal the bidder searches with … a "reservation bid" for low-price auctions. Extending results from the empirical auction literature and employing a …