expected quantities sold and selling prices of some endogenous-quantity procurement auction formats. The resulting equilibrium … second-price auction yields both higher expected prices and lower expected quantities than the first-price auction. This … result is consistent with similar studies showing suboptimality of auction mechanisms that allow for winning bids of less …

We study the relative performance of the first-price sealed-bid auction and the second-price sealed-bid auction in a … winner's payment to an outside observer. We find that the first-price sealed-bid auction in which the winner's payment is …

ensuing auction, leading to loss of efficiency and eliminating the revenue dominance typically observed in first …

the literature in the framework of the SEAMO (simultaneous English auction for multiple objects) don't have a counterpart … in the JAMO (Japanese auction for multiple objects). We show however that certain retaliatory equilibria do exist in both …