in auction volume the result is extended to environments with risk averse bidders. In an illustrative application we fail …

This paper analyzes risk aversion in discriminatory share auctions. I generalize the k-step share auction model of …

If bidders are better informed than the seller about a common component of auction heterogeneity, the seller can …-price auction under unobserved auction heterogeneity-imperfectly observed by the seller-that captures this rationale and derive … perfect information about unobserved auction heterogeneity would increase surplus by 5.22%. Combining a secret reserve price …

This paper analyzes a discriminatory share auction in which bidders submit non-increasing step functions with a bounded …

The Federal Deposit Insurance Corporation (FDIC) resolves insolvent banks using an auction process in which bidding is … mechanism could be improved. To do so, we propose a methodology for analyzing auction environments where bids are ranked …

overbidding puzzle, but no canonical alternative to RNBNE has emerged, and RNBNE remains the basis of the structural auction …

buyers operate under uncertainty, without full information about auction results, purchasing preferences, and strategies of …