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We examine bidding behavior in a clock auction in which price is set by the lowest-accepted bid and provisional winners are reported each round (the LABpw auction). This format was used in the India...
This article presents an experimental setup that has been used successfully to teach concepts in the economics of auctions, and implications for e-Business procurement. The experiment is easily admini...
Private Information in an Auction‑Like Securities Market.
We model an online display advertising environment with brand advertisers and betterinformed performance advertisers, and seek an auction mechanism that is strategy-proof, anonymous and insulates bran...
Auction design has been studied extensively; however, within a given design, does the process of how an auction is conducted matter as well? We address this question by looking for systematic hete...
We propose the clock-proxy auction as a practical means for auctioning many related items. A clock auction phase is followed by a last-and-final proxy round.The approach combines the simple and transp...
Putting Auction Theory to Work:The Simultaneous Ascending Auction.
William Vickrey’s (1961) inquiry into auctions and “counterspeculation” marked the first serious attempt by an economist to analyze the details of market rules and to design new rules to achieve super...
Procuring Universal Service: Putting Auction Theory to Work.
Auction Theory     Auction Theory       2015/7/21
Auction Theory.
We develop a model of online advertising in which each advertiser chooses from multiple advertising measurement metrics—paying either for each click on its ads (CPC), or for each purchase that follows...
For the vast majority of floriculture business, the auction is the best way to realize an assortment of flowers with as broad a scope as possible, produced across the world, and available for market p...
Statistical properties of double-auction markets with Bid-Ask spread in market order are investigated through the response function. We first attempt to utilize the so-called Madhavan-Richardson-Room...

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