We study efficient auction design for a single indivisible object when bidders have interdependent values and non … bad setting (i.e. a procurement auction) there is no mechanism that has an ex post efficient equilibrium if the level of …

minimal disclosure regime each bidder only learns privately whether he won or lost the auction. In equilibrium the allocation …

The Combinatorial Clock Auction is a two-stage auction format, which has been used to sell spectrum licenses worldwide …, then the auction is fully efficient. Unfortunately, bidders might neither bid straightforward in the clock phase nor … field in the British 4G auction in 2013 and the Canadian 700 MHz auction in 2014, where the bids were made public. The data …

An auctioneer faces a pool of potential bidders that changes over time. She can delay the auction at a cost, in the … auction excessively) if that elasticity is increasing, and under-invests if it is decreasing. We also show that dynamically …

though the fees themselves implicitly reduce competition at the auction stage. We also highlight that admission fees and … and Klemperer (1996) that market thickness often takes precedence over market power in auction design …

that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between … auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In … contrast, we investigate the influence of the auction design on the post-auction market structure and identify an effect …

-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 …

Suppose that in a second-price auction, a seller wishes to set an optimal reserve price, but the information about the …