perform better than the Vickrey auction. The proportions of efficient allocations are similar in both types of auctions, but …-selecting auction. We trace the causes of the performance differences back to patterns in bids. The core-selecting auctions provide …

bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the … of a multi-object auction. After the auction either all bids or only the prices to be paid are revealed to all firms …

electricity demand, to meet supply adequacy problems. In this paper, we analyze what it requires to have a competitive auction … number of bidders are not enough warranty for fierce competition. Electricity forward-contract auctions may be uncompetitive …, even if they have lots of bidders but with low power-generating capacity for contracting. For practical auction design, we …

We analyze a divisible good uniform‐price auction that features two groups, each with a finite number of identical …

-price auction. Before the contest, a fixed number of innovators is selected in an entry auction, in order to address the adverse …

trade at a fixed price before an auction. In the "Buy-It-Now" format, the seller offers a price prior to the auction …

auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …

In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature …

trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows … sellers to post prices at which buyers can purchase a good prior to the auction. Even though, buyer behavior is well studied … auction market (the eBay platform and eBay traders) with the techniques of lab experiments. We find a striking link between …

increasingly used today. We develop a reverse auction which accounts for particularities of intermittent renewable energy sources … auctions. We analyze incentives for bidders to manipulate the auction outcome and adapt the design to prevent this behavior …