This dissertation contains three essays sharing a common goal: to understand observed bidding behavior in different auction settings through the eyes of economic theory, and to make empirically-grounded policy suggestions to improve the performance of the market mechanism. The f…
Given the magnitude of e-auction transactions, it becomes challenging to safeguard consumers from dishonest sellers, such as shill bidders. Shill Bidding (SB) is a predominant auction fraud that is driven by modern-day technologies and clever scammers. The difficulty of identify…
As auctions are becoming an increasingly popular way of selling multiple units of goods, like Treasury securities and cell phone licenses, this thesis analyzes properties of different auction methods. The first chapter provides a model to sell two identical licenses for particip…
"This book describes the theory structure underlying contests, in which players expend effort and/or spend money in trying to get ahead of one another. Uniquely, this effort is sunk and cannot be recovered, regardless of whether a player wins or loses in the competition. Such in…
At an auction, a boy accidentally bids on and purchases a variety of objects of questionable value, but one of them turns out to be a real treasure.
Tim has come to Cornwall at the behest of a friend to represent him in an auction and facilitate the purchase of a much-coveted antique ring. Hayley has come for reasons of her own. And a centuries-old mystery is about to come crashing down around them both.
The goal of this thesis is to propose a new quantile regression approach to identify and estimate the quantiles of the private value conditional distribution in ascending and rst price auctions under the Independent Private Value (IPV) paradigm. The quantile regression framework…
A guide to modeling and analyzing auctions, with the applications of game theory and auction theory to real-world auction decision making.
Auctions are highly structured market transactions primarily used in thin markets (markets with few participants and infrequent transactions). In auctions, unlike most other markets, offers and counteroffers are typically made within a structure defined by a set of rigid and com…
Auctions are highly structured market transactions primarily used in thin markets (markets with few participants and infrequent transactions). In auctions, unlike most other markets, offers and counteroffers are typically made within a structure defined by a set of rigid and com…
A guide to modeling and analyzing auctions, with the applications of game theory and auction theory to real-world auction decision making.
The effect of celebrity provenance on value of fine art and design is a recent phenomenon that can be explained by unpacking the changing profile of collectors, the rise of the digital age and contemporary fascination with celebrity. Understanding these changes will shed light o…
Electricity is an essential commodity traded at power exchanges. Its price is very volatile within a day and over the year. This raises questions about the efficiency of the trading rules. The author develops a non-cooperative auction model analyzing the bidding behavior of prod…
