Auctions often involve the sale of many related goods: Treasury, spectrum, and electricity
auctions are examples. In multi-unit auctions, bids for marginal units may affect payments for …

We propose a criterion of approximate incentive compatibility, strategy-proofness in the
large (SP-L), and argue that it is a useful second-best to exact strategy-proofness (SP) for …

I examine a model of a uniform price auction of a perfectly divisible good with private
information in which the bidders submit discrete bidpoints rather than continuous downward …

Abundant data has led to new opportunities for empirical auctions research in recent years,
with much of the newest work on auctions of multiple objects, including:(1) auctions of …

Abstract Payments for Ecosystem Service (PES) schemes increasingly use auctions to target
funds to low-cost providers, aiming to increase value-for-money. To date, PES auctions have …

Cryptocurrencies such as Bitcoin [66] and Ethereum [10] facilitate money transactions
between users by relying on a decentralized process in which miners collect such …

Lending marketplaces aimed at directly connecting retail lenders and borrowers retreat from
auctions and, instead, set prices and allocate credit on their own, despite evidence that retail …

The aim of this article is to explore the strategies European government debt managers used
in response to the growing demand for credit by governments since the 1980s and how the …

I analyze a model of a private value divisible good auction with different payment rules,
standard rationing rule pro-rata on-the-margin and both with and without a restriction on the …

We develop a theory of information spillovers in sovereign bond markets in which investors
can learn about default risk before trading in primary and secondary markets. If primary …