suggests a simple quasi-auction mechanism for selecting less corruptible public servants. While straightforward to implement …, the quasi-auction also tends to circumvent the corrupt influence that is often associated with standard auction of jobs. …

We experimentally examine the effectiveness of antitrust policies against bidding rings in theEnglish auction (EN) and … the first-price sealed-bid auction (FP). We consider both traditionalantitrust policy (without a leniency program) and …

The Babylonian bridal auction, described by Herodotus, is regarded as one of the earliest uses of an auction in history …. Yet, to our knowledge, the literature lacks a formal equilibrium analysis of this auction. We provide such an analysis for …

A simultaneous pooled auction with multiple bids and preference lists is a way to auction multiple objects, in which … case they have the highest bid on more than one object. This type of auction has been used in the Netherlands and in … Ireland to auction available spectrum. We show that this type of auction does not satisfy elementary desirable properties such …

such a market, a Walrasian equilibrium usually fails to exist and also the existing auctions might fail to allocate the … constrained bidders. Succeedingly we propose an ascending auction mechanism that always results in an equilibrium allocation and … underdemanded set, or there is neither overdemand nor underdemand anymore. In the latter case the auction stops. In the former case …

We experimentally examine the collusive properties of two commonly used auctions: the English auction (EN) and the … first-price sealed-bid auction (FPSB). In theory, both tacit and overt collusion are always incentive compatible in EN while … both can be incentive compatible in FPSB if the auction is repeated and bidders are patient enough. We find that the …

We study the equilibrium of the all-pay auction with complete information and a reserve price, and compare it with that … of standard auctions. The seller should set a reserve price even when she faces incomplete information. In the latter … setting, ex-ante asymmetry among bidders appears necessary to re-produce some (if any) of the interesting results derived …

seller to reduce the number of (fullyinformed) potential bidders in an all-pay auction. We show that the Exclusion Principle …

. With a standard auction, this existing operator bids above the auctioned facility's expected profit, as winning means … being a monopolist instead of a duopolist. This auction leads to an unregulated outcome which hurts welfare. A consumer …-price auction can alleviate this problem. With complementing facilities, the existing operator offers a price below marginal cost …