Showing posts with label auctions. Show all posts
Showing posts with label auctions. Show all posts
Sunday, November 3, 2024

Real estate auctions

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  Peter Cramton points me to this article in the Orange County Register, about a real estate auction with a soft close, that ran for severa...
Friday, August 30, 2024

Automated bidding in auctions

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 Part of the future of market design (as artificial intelligence evolves from large language models to something more like general AI) will ...
Monday, July 29, 2024

Nobel prize medals at auction---two for chemistry (1996 and 1966)

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 For charity, to clean up estates of the departed, and for other reasons, Nobel prize medals are sometimes sold at auction.  Here are two re...
Thursday, May 30, 2024

Sigecom Test of Time Award 2024 for AdWords and generalized online matching by Mehta, Saberi, Vazirani, and Vazirani

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 The SIGecom Test of Time Award recognizes the author or authors of an influential paper or series of papers published between ten and twen...
Thursday, February 1, 2024

Art sales by brokers

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 High priced art sold by Sotheby's isn't all sold at auction. Sometimes it is privately brokered. The Financial Times has the story ...
Sunday, January 7, 2024

Market Design for Surface Water , by Ferguson and Milgrom

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 The potential market for surface water is a market in which any transfer of rights involves externalities affecting the water consumption o...
Monday, December 25, 2023

Auctioning fresh fish, quickly. by Hafalir, Kesten, Sherstyuk and Tao

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  Here's an auction for when leisurely price discovery is costly. When Speed is of Essence: Perishable Goods Auctions by Isa Hafalir, ,...
Thursday, February 9, 2023

Ticketmaster and the secondary market for tickets, by Budish and Bhave

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 Here's a still-timely paper that was a work in progress for quite a while. Primary-Market Auctions for Event Tickets: Eliminating the R...
Monday, December 19, 2022

Leveling the stock market playing field: SEC proposals

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  The WSJ has the story:  SEC Proposes Rules That Would Squeeze Stock-Market Middlemen. Agency is formally considering biggest overhaul of ...
Monday, November 28, 2022

The market for large dinosaur fossils

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Should fossils be regarded as national treasures, or as natural resources, or perhaps works of art?  The NY Times has the story: As Dinosaur...
Monday, September 5, 2022

Paul Milgrom on auctions for water rights

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 ZME Science (in Romania) interviews Paul Milgrom about water shortages (in California): Could auctions help California make better use of i...
Wednesday, June 22, 2022

Russian Journalist’s Nobel Medal Sells for $103.5 Million, with proceeds to UNICEF for Ukrainian refugees.

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 The NYT has the story: it exemplifies quite a number of things (including jump bidding in a reserve price charity auction...) Russian Journ...
Wednesday, February 16, 2022

The Art Mart

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  Art galleries are (among other things) middlemen, intermediating between artists and buyers of art, who may range from passionate consumer...
Tuesday, January 4, 2022

Paul Milgrom and Robert Wilson. From theory to practice in auctions (in French)

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  Here's a tribute to Milgrom and Wilson in French (but Google translate does a pretty good job): Paul Milgrom et Robert Wilson. De la t...
Sunday, October 24, 2021

The Economist celebrates Milgrom and Wilson, and economic engineering

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 The Economist has weighed in on the 2021 Nobel Prize in Economics: The Nobel prize in economics rewards advances in auction theory. For the...
Tuesday, April 6, 2021

Cloud Pricing: The Spot Market Strikes Back, by Dierks and Seuken in Management Science

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  Sven Seuken writes: " I just read your blog post about the new paper on economics of cloud computing , which is very interesting. Gi...
Wednesday, March 17, 2021

Bob Wilson's Nobel lecture, in Econometrica

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Here is Bob Wilson, in a very low key account of (what I would have described as) how he saw the future, changed economics, mobilized a gene...
Wednesday, February 10, 2021

London Metals Exchange proposes to end in-person trading

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  Another colorful market mechanism looks set to bite the dust, replaced by electronic/computerized trading. The WSJ has the story: After 14...
Saturday, January 9, 2021

Prices and Decentralization Without Convexity: Milgrom's Arrow Lecture at Columbia (video)

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  Columbia University Press posts a "video of Paul Milgrom's 2014 Kenneth J. Arrow Lecture that inspired Discovering Prices: Auctio...
Sunday, December 13, 2020

Milgrom's "Discovering Prices" reviewed in the JEL by Kominers and Teytelboym

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 In the December Journal of Economic Literature: The Parable of the Auctioneer: Complexity in Paul R. Milgrom's Discovering Prices by Sc...