examine the effect of increased competition on auction performance: We find that increased competition reduced bidder surplus … aggressive bidding. Counterfactuals establish that as competition increases, concerns regarding auction format play a smaller …We investigate the role of competition on the outcome of Austrian Treasury auctions. Austria's EU accession led to an …

examine the effect of increased competition on auction performance: We find that increased competition reduced bidder surplus … aggressive bidding. Counterfactuals establish that as competition increases, concerns regarding auction format play a smaller …We investigate the role of competition on the outcome of Austrian Treasury auctions. Austria's EU accession led to an …

Perfectly discriminating contests (or all pay auction) are widely used as a model of situations where individuals …

auction price tends to be lower. Finally, prices in services and goods sectors are more sensitive to changes in the number of …

Using online auction data, we address the endogeneity involved in estimating the eff ect of the number of bidders on …

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 study the effects of corruption on equilibrium competition and social welfare in a first-price public procurement … auction. In our model, firms are invited into the auction at positive costs, and a bureaucrat runs the auction on behalf of a … bureaucrat will invite more than socially optimal number of firms into the auction. Secondly, the effects of corruption on …

more quickly increases one's WTP in an auction. Evidence from five experiments demonstrates this effect and pinpoints the … bidding behavior (1) is serially mediated by the perception that the auction is more intensely competitive and by a greater … desire to win, (2) is distinct from the effects of time pressure and of the auction's duration or overall rate of progression …

-unit (pay-as-bid) auctions. I characterize bidding behavior and investigate auction design features that could increase revenues … instead of selling all in one auction …