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The wide deployment of tokens for digital assets on top of Ethereum implies the need for powerful trading platforms. Vickrey auctions have been known to determine the real market price of items as bid...
The success of the Ethereum blockchain as a decentralized application platform with a distributed consensus protocol has made many organizations start to invest in running their business on top of it....
We present Strain, a new auction protocol running on top of blockchains and guaranteeing bid confidentiality against fully-malicious parties. As our goal is efficiency and low blockchain latency, we a...
Auctions and elections are seemingly disjoint research fields. Nevertheless, we observe that similar cryptographic primitives are used in both fields. For instance, mixnets, homomorphic encryption, ...
Sealed-Bid auction is an efficient and rational method to establish the price in open market. However sealed-bid auctions are sub- ject to bid-rigging attack. Receipt-free mechanisms were proposed to ...
This article examines how different auction designs perform when entry is endogenous andselective, by which we mean that bidders with higher values are more likely to enter. Ina model where potential ...
We examine bidding behavior in a clock auction in which price is set by the lowest-accepted bid and provisional winners are reported each round (the LABpw auction). This format was used in the India...
The Treasury proposes to invest $700 billion in mortgage-related securities to resolve the financial crisis, using market mechato determine prices. A well-designed auction process can indeed b...
This paper focuses on certain mechanisms that govern the sale of corporate assets. Under Delaware law, when a potential acquirer makes a serious bid for a target, the target’s Board of Directors is r...
We examine the theoretical properties of the auction for Medicare Durable Medical Equipment. Two unique features of the Medicare auction are (1) winners are paid the median winning bid and (2) bids ...
 In the fall  of  2010,  167  auction  experts from touniversities  around the  country sent  a  letter to&...
Our Economists’ Voice column sumthe current and proposed Medicare auctions. The column was based on a careful reading and analysis of the auction rules.
This note provides a brief description of New England’s Forward Capacity Auction (FCA) for the procurement of electricity capacity. The description is based on the 6 March 2006 Settlement Agreemen...
Profit-maximizing bidding in uniform price auction markets involves bidding above marginal cost. It therefore is not surprising that such behavior is observed in electricity markets. This incent...
The FCC’s AWS-3 spectrum auction raised revenues in excess of $44 billion—a new historic high. Our analysis demonstrates that the auction’s results largely line up with the bidding strategies one wo...

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