This article theoretically and empirically analyses behaviour in penny auctions, a relatively
new auction mechanism. As in the US dollars or war-of-attrition, players in penny auctions …

Purpose: The purpose of this study is to examine whether the six independent factors (ie, the
item retail price, the number of bidders, the bidding duration, the ship** cost, the bidder …

We analyze symmetric subgame perfect equilibria of the dollar auction in its original format,
without the modifications that the literature adopts to rule out overbidding in the game. The …

We study two-sided matching contests with two sets, each of which includes two
heterogeneous players with commonly known types. The players in each set compete in all …

This paper studies all‐pay auctions in which there is a buy‐price option for bidders to
guarantee purchases at a seller‐specified price. We analyze symmetric increasing bidding …

This study primarily focuses on pay-to-bid auctions in which bidders pay a fixed fee for each
bid to increase the price and explores the reputation of bidders within the auctions. The …

We find a new set of subgame perfect equilibria in a dollar auction that involves three active
bidders. The player who falls to the third place continues making efforts to catch up until his …

In a recent paper, Odegaard and Anderson (2014) consider a setting of two sales channels:
a fixed list price store and an all-pay auction with a buy-price option. They did not address …

There has been recent agitation amongst estate surveyors and valuers that auctioneering
ought to be an aspect of their practice. This crave for supremacy appears contestable as …

This paper demonstrates a pivotal effect of adding a third rival to bilateral rivalry in the dollar
auction, a dynamic model of wars of attrition. Any recursive subgame perfect equilibrium …