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

This paper analyzes a two-stage sealed-bid auction that is frequently employed in privatization, takeover, and merger … and aquisition contests. This auction format yields the same expected revenue as the open ascending (English) auction, yet …

We study a market in which k identical and indivisible objects are allocated using a uniform-price auction where n > k … bidders each demand one object. Before the auction, each bidder receives an informative but imperfect signal about the state … observes the state. We show that there are equilibria in which the auction price is completely uninformative about the state of …

We study when equilibrium prices can aggregate information in an auction market with a large population of traders. Our …