The art of auctioning is an ancient one. The concept of competitively bidding for goods has lasted from Roman times, when spoils of war were divvied up around a planted spear, to the 21st century, ...

Auctions are an old and widely used method for allocating goods that have become increasingly common with the advent of internet auctions sites such as Ebay. Previous economic research has shown that ...

We are fast approaching the 50-year anniversary for the seminal paper entitled “Competitive Bidding in High-Risk Situations”, authored by E.C. Capen, et al. One of the fundamental findings of the ...

Of course Steve Ballmer overbid for the Clippers. Why would you expect anything different?