Many auctions involve the sale of a variety of distinct assets. Examples are airport time slots,
delivery routes, network routing, and furniture. Because of complementarities or substitution …

Artificial intelligence (AI) is starting to pervade the economic and social life. This renders
strategic interactions between humans and artificial agents more and more common. At the …

Equity crowdfunding is a new form of entrepreneurial finance, in which investors do not
receive perks or engage in pre-purchase of the product, but rather participate in the future …

Information is a central concept in economics, and The Knowledge We Have Lost in
Information explores its treatment in modern economics. The study of information, far from …

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 …

When bidders exhibit multi-unit demands, standard auction methods generally yield
inefficient outcomes. This article proposes a new ascending-bid auction for homogeneous …

This paper is an economist's guide to auctions on the Internet. It traces the development of
online auctions since 1993, and presents data from a comprehensive study of 142 different …

Customer behavior modeling has been gaining increasing attention in the operations
management community. In this paper we review current models of customer behavior in the …

Online reverse auctions are increasingly being used in industrial sourcing activities. This
phenomenon represents a novel emerging area of inquiry with significant implications for …

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 …