government procurement auctions for the years 2004–2006. First, after controlling for possible endogeneity, we show that the … environment significantly decreases procurement costs in Turkey. Second, when auctions are open to foreign participation, the … 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 …

number of bidders are not enough warranty for fierce competition. Electricity forward-contract auctions may be uncompetitive …Brazil, Chile and other developing countries have recently experienced with forward or long-run contract auctions for … electricity demand, to meet supply adequacy problems. In this paper, we analyze what it requires to have a competitive auction …

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 …

The literature on patent license auctions in oligopoly assumed that the auctioneer reveals the winning bid and stressed … competition …

auctions influences consumers' willingness to pay for auctioned products. It focuses on one important aspect of this … 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 …

-unit (pay-as-bid) auctions. I characterize bidding behavior and investigate auction design features that could increase revenues … (stochastically) unequal in size. This fosters more aggressive bidding and provides a rationale to hold separate, parallel auctions … instead of selling all in one auction …

We estimate the degree of uncertainty faced by potential bidders in takeover auctions and quantify how it affects … prices in auctions and negotiations. The high degree of uncertainty revealed by our structural estimation encourages entry in … auctions but reduces a target's bargaining power in negotiations. In the aggregate, auctions and negotiations produce similar …