Publisher Summary This chapter describes several forms of auctions, presents the
formulations used in the main models, reviews some of the general results and empirical …

This paper describes the US offshore oil and gas lease sales, conducted by the Department
of the Interior since 1954. Several decision problems are discussed, including bidding for …

This paper is a survey of applied work with auction data. First, we summarize the pre-game
theoretic competitive bidding literature based on decision theory and the associated …

We analyze a first-price, sealed bid auction with a random reservation price to study the
federal sales of offshore oil and gas leases on drainage tracts. Our model assumes the …

The purpose of this study was to design an auction mechanism for use by the Regional
Greenhouse Gas Initiative (RGGI) for selling emission allowances. We conducted a series of …

In this paper, we survey some recent empirical work concerning auctions, first outlining two
complementary approaches to the empirical analysis of auctions, and then discussing …

This article explores the sale of an object to an ambiguity averse buyer. We show that the
seller can increase his profit by using an ambiguous mechanism. That is, the seller can …

Although an auction of drilling rights is often cited as an example of common values, formal
evidence has been limited by the problem of auction-level unobserved heterogeneity. We …

In den letzten Jahren ist in der Betriebswirtschaftslehre das Interesse an mikroöko
nomischen Erklärungsansätzen deutlich gestiegen. Neue Ideen und Konzepte werden auf …

In this paper, we provide an alternative explanation for why aucM tioneers often keep the
reserve price hidden or secret. We consider a standard independent private values …