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 …

A strategy is obviously dominant if, for any deviation, at any information set where both
strategies first diverge, the best outcome under the deviation is no better than the worst …

We compare the capability of the Becker–DeGroot–Marschak (BDM) mechanism and the
Vickrey auction to reveal willingness-to-pay information for a sample of French consumers …

Market mechanisms, such as auctions, will likely rep resent a common interaction medium
for agents on the Internet. The Michigan Internet AuctionBot is a flexible, scalable, and …

We consider a general family of auction mechanisms that admit multiple buyers and sellers,
and determine market-clearing prices. We analyze the economic incentives facing …

Recent auction theory suggests that multiunit uniform-price auctions, as used by the US
Treasury for debt sales, produce incentives that may cause bidders to bid less than their true …

This paper illustrates the use of laboratory experimental auctions in a pretest market
research program for new products. We review the experimental auctions literature, discuss …

The Federal Communications Commission held its first auction of radio spectrum at the
Nationwide Narrowband PCS Auction in July 1994. The simultaneous multiple‐round …

The emission trading systems (ETSs) have encouraged the more usage of renewable
energy, aiming for energy generation. However, the existing ETSs suffer from carbon credit …

There is wide-ranging evidence, much of it deriving from economics experiments, of
'anomalies' in behaviour that challenge standard preference theories. This paper explores …