In this paper we analyze a hybrid auction that combines a first-price and a Vickrey auction. We show that this auction may generate more expected revenue than a standard first-price auction. (C) 2002 Elsevier Science B.V. ...

We examine the role of seller bidding and reserve prices in an infinitely repeated independent-private-value (IPV) ascending-price auction. The seller has a single object that she values at zero. At the end of any auction ...

In this paper we examine the properties of a hybrid auction that combines a sealed bid and an ascending auction. In this auction, each bidder submits a sealed bid. Once the highest bid is known, the bidder who submitted ...

The Transantiago public transit services were grouped into five trunk service units and 10 feeder units, and were awarded to private operators through a simultaneous tender. To avoid problems of ownership concentration, ...

We study endogenous-participation auctions where bidders only know the number of potential participants. After seeing their values for the object, potential participants decide whether or not to enter the auction. They may ...

Field experiments were conducted with farmers in the Limari Valley of Chile to test extant theory on right-to-choose auctions. Water volumes that differed by reservoir source and time of availability were offered for sale ...

Bidding rings typically coordinate to rig auctions and keep prices low. Despite bid rigging being pervasive,measuring its damages (i.e., the revenue loss suffered by the auctioneer) is a challenge for antitrust authorities.Indeed, ...