 | Professor of Economics Verified email at econ.umd.edu Cited by 5762 |
LM Ausubel - The American Economic Review, 1991 - JSTOR
Page 1. The Failure of Competition in the Credit Card Market By LAWRENCE M. AUSUBEL*
The bank credit card market, containing 4,000 firms and lacking regulatory barriers, casually
appears to be a hospitable environment for the model of perfect competition. ...
Page 1. Demand Reduction and Inefficiency in Multi-Unit Auctions Lawrence M. Ausubel and
Peter Cramton* University of Maryland 27 July 2002 (first draft: 8 November 1995) Abstract
Auctions typically involve the sale of many related goods. Treasury, spectrum and electricity ...
LM Ausubel - The American Economic Review, 2004 - ingentaconnect.com
Page 1. An Efficient Ascending-Bid Auction for Multiple Objects By LAWRENCE
M. AUSUBEL* When bidders exhibit multi-unit demands, standard auction methods
generally yield inefficient outcomes. This article proposes a ...
Page 1. Frontiers of Theoretical Economics Volume 1, Issue 1 2002 Article 1 Ascending Auctions
with Package Bidding Lawrence M. Ausubel ∗ Paul R. Milgrom † ∗University of Maryland,
ausubel@econ.umd.edu †Stanford University, paul@milgrom.net ...
LM Ausubel… - Econometrica: Journal of the Econometric …, 1989 - JSTOR
Page 1. Econometrica, Vol. 57, No. 3 (May, 1989), 511-531 REPUTATION IN
BARGAINING AND DURABLE GOODS MONOPOLY BY LAWRENCE M. AUSUBEL
AND RAYMOND J. DENECKERE1 This paper analyzes durable ...
LM Ausubel - The American Economic Review, 1990 - JSTOR
Page 1. Insider Trading In A Rational Expectations Economy By LAWRENCE M. AUSUBEL*
It is often argued that efficiency considerations require society to freely permit insider trading.
In this article, an opposing efficiency argument is formalized. ...
Page 1. Credit Card Defaults, Credit Card Profits, and Bankruptcy by Lawrence M.
Ausubel* Credit card defaults have become an increasingly conspicuous feature on
the bankruptcy landscape. In 1996, bank credit card delinquencies ...
Page 1. Adverse Selection in the Credit Card Market Lawrence M. Ausubel * University
of Maryland June 17, 1999 Abstract Adverse selection is one of the most celebrated
phenomena in the economics of information. Yet despite ...
Page 1. Journal of Economics and Management Strategy, 6:3, 497-527, 1997 Synergies
in Wireless Telephony: Evidence from the Broadband PCS Auctions* Lawrence M. Ausubel,
Peter Cramton, R. Preston McAfee, and John McMillan Abstract ...
LM Ausubel - The American economic review, 2006 - ingentaconnect.com
Page 1. An Efficient Dynamic Auction for Heterogeneous Commodities By LAWRENCE M.
AUSUBEL* This article proposes a new dynamic design for auctioning multiple heterogeneous
commodities. An auctioneer wishes to allocate K types of commodities among n bidders. ...
LM Ausubel… - Journal of the European Economic …, 2004 - Wiley Online Library
Page 1. AUCTIONING MANY DIVISIBLE GOODS Lawrence M. Ausubel University
of Maryland Peter Cramton University of Maryland Abstract We study the theory and
practical implementation of auctioning many divisible goods. ...
Page 1. 1 The Optimality of Being Efficient Lawrence Ausubel and Peter Cramton
Department of Economics University of Maryland 2 Common Reaction Why worry
about efficiency, when there is resale? Our Conclusion Why ...
LM Ausubel… - The RAND Journal of Economics, 1987 - JSTOR
Page 1. RAND Journal of Economics Vol. 18, No. 2, Summer 1987 One is almost
enough for monopoly Lawrence M. Ausubel* and Raymond J. Deneckere* It has
been argued that two factors-product durability and (potential ...
LM Ausubel - Journal of Economic Theory, 1990 - Elsevier
LM Ausubel - Unpublished Paper, 2002 - econ.pitt.edu
Page 1. An Efficient Dynamic Auction for Heterogeneous Commodities Lawrence M. Ausubel*
17 July 2002 (Previous drafts: 5 July 2000, 8 Sept 2000) Abstract This paper proposes a new
dynamic design for auctioning multiple heterogeneous commodities. ...
LM Ausubel… - Journal of Economic Theory, 1989 - Elsevier
Page 1. Auctioning Securities Lawrence M. Ausubel and Peter Cramton* University
of Maryland March 1998 (first draft February 1997) Abstract Treasury debt and other
divisible securities are traditionally sold in either a pay-your-bid ...
H Shui… - 2004 - papers.ssrn.com
Abstract: This paper analyzes a unique dataset, which contains results of a large-scale
experiment in the credit card market. Two puzzling phenomena are observed that suggest
time inconsistency in consumer behavior: First, consumers prefer an introductory offer ...
Page 1. The Ascending Auction Paradox Lawrence M. Ausubel and Jesse A.
Schwartz* University of Maryland July 05, 1999 Abstract We examine uniform-price,
multiple-unit auctions that are dynamic rather than sealed- bid ...
LM Ausubel… - The Review of Economic …, 1992 - restud.oxfordjournals.org
Page 1. Review of Economic Studies (1992) 59, 795-812 © 1992 The Review of
Economic Studies Limited 0034-6527/92/00410795502.00 Durable Goods Monopoly
with Incomplete Information LAWRENCE M. AUSUBEL and ...
Abstract: In the economic literature on bankruptcy, the standard methodology is to model the
individual's bankruptcy decision as a binary choice between" bankruptcy" and" no
bankruptcy." We define an additional choice-non-repayment without seeking the formal ...
Page 1. A Generalized Vickrey Auction Lawrence M. Ausubel* University of Maryland
September 1999 Abstract In auction environments where bidders have pure private
values, the Vickrey auction (Vickrey, 1961) provides a ...
LM Ausubel… - Econometrica: Journal of the Econometric …, 1992 - JSTOR
... 19012. Financial assistance was also provided, for Lawrence Ausubel, by the Lynde
and Harry Bradley Foundation, and for Raymond Deneckere, by the Kellogg School
of Management's Beatrice/Esmark Research Chair. The ...
... 19012. Financial assistance was also provided, for Lawrence Ausubel, by the Lynde
and Harry Bradley Foundation, and for Raymond Deneckere, by the Kellogg School
of Management's Beatrice/Esmark Research Chair. We ...
LM Ausubel… - The Review of Economic …, 1993 - restud.oxfordjournals.org
Page 1. Review of Economic Studies (1993) 60, 435-461 © 1993 The Review of Economic
Studies Limited 0034-6527/93/00220435$02.00 Efficient Sequential Bargaining LAWRENCE
M. AUSUBEL and RAYMOND J. DENECKERE Northwestern University ...
[CITATION] jDemand Reductions and Ineffi ciency in Multi# Unit Auctions. kMimeo
L Ausubel… - University of Maryland, 1998
LM Ausubel… - Dept. of Economics, University of …, 1999 - market-design.com
Page 1. 1 Vickrey Auctions with Reserve Pricing Lawrence M. Ausubel and Peter Cramton*
University of Maryland 28 June 1999 Preliminary and Incomplete Abstract We generalize the
Vickrey auction to allow for reserve pricing in a multiple item auction with ...
Page 1. Market-Based Alternatives for Managing Congestion at New York's LaGuardia Airport
by Michael O. Ball 1 , University of Maryland <mball@rhsmith.umd.edu> Lawrence M. Ausubel,
University of Maryland <ausubel@econ.umd.edu> Frank Berardino, GRA, Inc. ...
Since their advent in 2001, virtual power plant (VPP) auctions have been implemented widely.
In this paper, we describe the simultaneous ascending-clock auction.
[CITATION] A mechanism generalizing the Vickrey auction
LM Ausubel - Unpublished Paper, 1999
LM Ausubel… - Handbook of Procurement, 2006 - Citeseer
Page 1. 1 Dynamic Auctions in Procurement Lawrence M. Ausubel and Peter Cramton * 21
February 2006 Abstract We study the theory and practical implementation of dynamic
procurement auctions. We consider the procurement of many related items. ...
[CITATION] Bargaining and forward induction
LM Ausubel… - Unpublished Paper, 1998
[CITATION] Informal bankruptcy
L Ausubel, A Dawsey - University of Maryland, 2004
[CITATION] Rigidity and asymmetric adjustment of bank interest rates
LM Ausubel - Kellogg Graduate, 1992
LM Ausubel - New Economy Handbook, 2003 - ausubel.com
Page 1. Chapter 6 Auction Theory for the New Economy Lawrence M. Ausubel
Department of Economics, University of Maryland I. Introduction II. Sealed-Bid Auctions
for Single Items A. Rationale for Studying the Second-Price ...
Page 1. ABSTRACT Title of dissertation: TIME INCONSISTENCY IN THE CREDIT CARD MARKET
Haiyan Shui, Doctor of Philosophy, 2004 Dissertation directed by: Professor Lawrence M. Ausubel
Department of Economics Professor John Rust Department of Economics ...
[CITATION] nThe Failure of Competition in the Credit Card Market, oAmerican Economic Review
L Ausubel - Vol, 1991
LM Ausubel - University of Maryland, 2000 - ausubel.com
Page 1. PERSONAL BANKRUPTCIES BEGIN SHARP DECLINE: MILLENNIUM DATA
UPDATE BY LAWRENCE M. AUSUBEL PROFESSOR OF ECONOMICS UNIVERSITY
OF MARYLAND JANUARY 18, 2000 This report and ...
Page 1. From the SelectedWorks of Peter Cramton March
2001 Bargaining with Incomplete Information ...
Forward markets, both medium term and long term, complement the spot market for wholesale
electricity. The forward markets reduce risk, mitigate market power, a.
LM Ausubel… - Center for Mathematical …, 1988 - kellogg.northwestern.edu
Page 1. Discussion Paper No. 784 STATIONARY SEOUENTIAL EQUILIBRIA IN
BARGAINING WITH TWO-SIDED INCOMPLETE INFORMATION by Lawrence M.
Ausubel* and Raymond J. Deneckere June 1988 Department ...
LM Ausubel… - The Economists' Voice, 2009 - works.bepress.com
Fears of pricing troubled assets have needlessly stalled the rescue effort, according to
Lawrence Ausubel and Peter Cramton, two market-design economists whose work on
TARP has received the attention of the Treasury and policy makers. ...
Page 1. Demand Reduction and Inefficiency in Multi-Unit Auctions Lawrence M. Ausubel and
Peter Cramton* University of Maryland 27 July 2002 (first draft: 8 November 1995) Abstract
Auctions typically involve the sale of many related goods. Treasury, spectrum and electricity ...
[CITATION] Credit Card Defaults, Credit Card Profits, and Bankruptcy"(1997)
LM Ausubel - Am. Bankr. LJ
LM Ausubel… - University of Maryland, 2010 - obaranov.com
Page 1. Core-Selecting Auctions with Incomplete Information Lawrence M. Ausubel and Oleg
V. Baranov* August 2010 Preliminary Abstract Core-selecting auctions were proposed recently
as alternatives to the VCG mechanism for environments with complementarities. ...
Page 1. Common-Value Auctions with Liquidity Needs: An Experimental Test of a Troubled
Assets Reverse Auction Lawrence M. Ausubel, Peter Cramton, Emel Filiz‐Ozbay, Nathaniel
Higgins, Erkut Ozbay, and Andrew Stocking* 21 May 2009 Abstract ...
[CITATION] The Credit Card Market, Revisited
LM Ausubel - … Manuscript (University of Maryland, College Park, MD), 1995
[CITATION] Time Inconsistency in the Credit Market
H Shui… - Unpublished Manuscript, University of Maryland, 2004
[CITATION] Demand reduction and Inefficiency in
LM Ausubel… - Q (j), 1998
Page 1. Discussion Paper N0. 804 EFFICIENT SEQUENTIAL BARGAINING bv * Lawrence M.
Ausubel and it Ravmond J. Deneckere September 1988 ll Department of Managerial " o ' ind
Wee ' Sriences JL - 4 ~ U LC . L' L - . . . Ktllogg Graduate School of Management. ...
AE Dawsey, RM Hynes… - University of Virginia Legal …, 2008 - law.bepress.com
Page 1. University of Virginia Law School The John M. Olin Program in Law and Economics
Working Paper Series Year 2008 Paper 42 The Regulation of Non-Judicial Debt Collection and
the Consumer's Choice Among Repayment, Bankruptcy and Informal Bankruptcy ...
Page 1. 1 Penalty Interest Rates, Universal Default, and the Common Pool Problem
of Credit Card Debt Lawrence M. Ausubel, Oleg V. Baranov and Amanda E. Dawsey *
June 2010 Preliminary and Incomplete 1 Introduction ...
[CITATION] In P. Cramton and Y. Shoham and R. Steinberg (Editors), Combinatorial Auctions. Chapter 1. The Lovely but Lonely Vickrey Auction
LM Ausubel, P Milgrom - 2006 - MIT Press
LM Ausubel… - Report to Bureau of Ocean Energy …, 2011 - cramton.umd.edu
Page 1. Multiple Factor Auction Design for Wind Rights Lawrence M. Ausubel and Peter Cramton*
Power Auctions LLC and Market Design Inc. 17 September 2011 Abstract The best sites for
offshore wind farms on the US Outer Continental Shelf are scarce. ...
[CITATION] Consumer Time Inconsistency: Evidence from an Experiment in the Credit Card Market
H Shui… - 2004 - mimeo, University of Maryland
Abstract: This paper studies the participation and performance of sophisticated versus
unsophisticated auction participants in an environment with numerous bidders, uncertainty,
and asymmetric information. We examine multi-unit, pay-as-bid, currency auctions ...
[CITATION] oAdverse Selection in the Credit Card Market, p1999
L Ausubel - University of Maryland mimeo
[CITATION] Time Inconsistency in the Credit Market, 9 (May 3, 2004)(unpublished manuscript)
S Haiyan, LM Ausubel
[CITATION] An Efficient Ascending-Bid Auction for Multiple Objects. Forthcoming in American Economic Review, August 2002
LM Ausubel
[CITATION] Notes on Vickrey Auctions with Reserve Pricing
LM Ausubel… - 1999 - Working Paper, University of …
LM Ausubel… - University of Maryland, 2009 - nber.org
Page 1. 1 A Two-Sided Auction for Legacy Loans By Lawrence M. Ausubel and
Peter Cramton Lawrence M. Ausubel and Peter Cramton are Professors of Economics
at the University of Maryland. Their auction proposal and ...
LM Ausubel… - Report to Bureau of Ocean Energy …, 2011 - boem.gov
Page 1. Design of a Suitable Auction Format for Competitive Sale of Alternative Energy
Leases on the OCS (AE Auction Design Study, Paper 1 of 3) Auction Design for Wind Rights
Authors: Lawrence M. Ausubel Peter Cramton 9 August 2011 ...
P Lawrence,
LM Ausubel… - Economic Theory, 1999 - Citeseer
CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): We generalize
the Vickrey auction to allow for reserve pricing in a multiple item auction with interdependent
values. By withholding quantity in some circumstances, the seller can improve revenues or ...
[CITATION] One is Almost Enough for Monopoly, 18 RAND J
LM Ausubel… - 1987 - Econ
[CITATION] The Failure of Competition in the Credit Card Market, 81 (1) AM
LM Ausubel - ECON. REV
[CITATION] 004.“An Efficient Ascending-Bid Auction for Multiple Objects.”
LM Ausubel - American Economic Review
[CITATION] The Credit Card Industry: A History, by Lewis Mandell
LM Ausubel - J. Econ. Lit., 1992
LM Ausubel… - Report to Bureau of Ocean Energy …, 2011 - cramton.umd.edu
Page 1. Comparison of Auction Formats for Auctioning Wind Rights Lawrence M. Ausubel and
Peter Cramton* Power Auctions LLC and Market Design Inc. 29 September 2011 Abstract The
best sites for offshore wind farms on the US Outer Continental Shelf are scarce. ...
[CITATION] Oligopoly When Market Share Matters
LM Ausubel - 1984 - mimeo, Stanford University
[CITATION] nBargaining with Incom& plete Information. oin RJ Aumann and S. Hart, eds., Handbook of Game Theory, Volume 3, Chapter 50
LM Ausubel, P Cramton… - 2002 - Amsterdam: Elsevier
[CITATION] 999.“Adverse Selection in the Credit Card Market.”
LM Ausubel - Unpublished
R Hynes, A Dawsey… - 2009 - papers.ssrn.com
Abstract: This article measures the impact of state laws on defaulting borrowers. Prior
literature has assessed the impact of laws that limit the enforcement of judgments on
bankruptcy filings. However,(1) the majority of defaulting consumers do not file for ...
[CITATION] Adverse Selection in the Credit Card Market,” Working Paper, Department of Economics, University of Maryland
L Ausubel - 1999
Page 1. From the SelectedWorks of Peter Cramton January
2006 Dynamic Auctions in Procurement ...
Page 1. Discussion Paper No. 702 PARTIALLY-REVEALING RATIONAL
EXPECTATIONS EQUILIBRIA IN A GENERAL EQUILIBRIUM ECONOMY: AN
EXAMPLE WITHOUT NOISE by Lawrence M. Ausubel September 1986 ...
[CITATION] Frontiers of Theoretical Economics
... Treasury settled on a mixed approach: again according to Swagel, “We would have tried two
auction approaches, one static and one dynamic—the latter approach is discussed by Lawrence
Ausubel and Peter Cramton [2008a], who were among the academic experts providing ...
Page 1. Comments on Internet Auctions by Lawrence M. Ausubel Professor of Economics
University of Maryland Before the Federal Trade Commission's Public Workshop on “Possible
Anticompetitive Efforts to Restrict Competition on the Internet” October 10, 2002 Introduction ...
LM Ausubel… - The Economists' Voice, 2009 - works.bepress.com
... resolve the financial crisis. He left out many details, so Lawrence Ausubel and Peter
Cramton explain how an aggregator bank might operate in practice, and argue that
with proper design, such a bank could be better than TARP. ...
P Lawrence,
LM Ausubel, LM Ausubel… - 1999 - en.scientificcommons.org
[CITATION] Failure of Competition in the Credit Card Market
LM Ausubel - J. Reprints Antitrust L. & Econ., 1997
Page 1. The Hungarian Auction Lawrence M. Ausubel and Thayer Morrill CESifo GmbH Phone:
+49 (0) 89 9224-1410 Poschingerstr. 5 Fax: +49 (0) 89 9224-1409 81679 Munich E-mail:
office@cesifo.de Germany Web: www.cesifo.de Page 2. The Hungarian Auction ...
M Aanesen, B Abrams, N Acocella, J Adams… - Public Choice, 2007 - Springer
Public Choice (2007) 133: 507–513 DOI 10.1007/s11127-007-9249-7 ACKNOWLEDGEMENT
... Published online: 23 October 2007 © Springer Science+Business Media, LLC. 2007 ...
Aanesen, Margrethe Abrams, Burton Acocella, Nicola Adams, James Afonso, Antonio ...
[CITATION] Credit controls, selective (see Selective credit controls)
LM Ausubel - The McGraw-Hill encyclopedia of …, 1994 - McGraw-Hill Companies
LM Ausubel… - 1988 - execed.kellogg.northwestern.edu
Page 1. Discussion Paper N0. 784 STATIONARY SEOUENTIAL EQUILIBRIA IN BARGAINING
WITH ' TWO—SIDED INCOMPLETE INFORMATION bv Lawrence M. Ausubel' and Raymond
J. Deneckere' June 1988 x Department of Managerial Economics and Decision Sciences. ...
B Allen, J Andreoni,
L Ausubel, K Bagwell… - …, 2001 - Wiley Online Library
THE 2001 AUSTRALASIAN MEETING of the Econometric Society will be held in Auckland,
New Zealand from Friday 6 July to Sunday 8 July, inclusive. The program co-chairs are
Bryce Hool and Peter CB Phillips. The meeting is open to all economists and ...
[CITATION] The New Palgrave Dictionary of Economics Online
P Cramton… - Utilities Policy, 2010 - works.bepress.com
Abstract Since their advent in 2001, virtual power plant (VPP) auctions have been
implemented widely. In this paper, we describe the simultaneous ascending-clock auction
format that has been used for virtually all VPP auctions to date, elaborating on other ...
Page 1. Auctioning Securities Lawrence M. Ausubel and Peter Cramton* University
of Maryland March 1998 (first draft February 1997) Abstract Treasury debt and other
divisible securities are traditionally sold in either a pay-your-bid ...
Page 1. Comments on Barriers to Internet Financial Services by Lawrence M. Ausubel
Professor of Economics University of Maryland Before the Federal Trade Commission's
Public Workshop on “Possible Anticompetitive Efforts ...
[CITATION] The credit card industry: Boston, Hall[ua], 1990
Power Auctions LLC is a leader in the design and implementation of high-stakes auctions
worldwide. In the electricity sector, Power Auctions personnel and software operate the
quarterly EDF (Electricité de France) Generation Capacity Auctions in France, the ...
H Shui… - Econometric Society 2004 North American …, 2004 - ideas.repec.org
This paper analyzes a unique dataset, which contains results of a large-scale experiment in the
credit card market. Two strange phenomena that suggest time inconsistency in consumer behavior
are observed: First, consumers prefer an introductory offer which has a lower interest ...
Page 1. WRITTEN STATEMENT OF PROFESSOR LAWRENCE M. AUSUBEL DEPARTMENT
OF ECONOMICS UNIVERSITY OF MARYLAND Before the Subcommittee on Financial
Institutions and Consumer Credit of the Committee on Financial Services ...
Page 1. “Auctions: Theory” For the New Palgrave, 2 nd Edition Lawrence M. Ausubel
University of Maryland Auctions occupy a deservedly prominent place within
microeconomics and game theory, for at least three reasons: ...
P Cramton… - Utilities Policy, 2010 - works.bepress.com
Abstract Forward markets, both medium term and long term, complement the spot market for
wholesale electricity. The forward markets reduce risk, mitigate market power, and
coordinate new investment. In the medium term, a forward energy market lets suppliers ...
... Professor Lawrence M. Ausubel Page 2. 1 Good morning, Chairman Dodd, Ranking Member Shelby,
and members of the Committee, and thank you for inviting me here. My name is Lawrence Ausubel,
and I am a Professor of Economics at the University of Maryland. ...
A Lawrence… - University of Maryland, Working …, 1996 - en.scientificcommons.org
Abstract Auctions typically involve the sale of many related goods. The FCC spectrum
auctions and the Treasury debt auctions are examples. With conventional auction designs,
large bidders have an incentive to reduce demand in order to pay less for their winnings. ...
Create email alert
About Google Scholar - All About Google - My Citations
©2012 Google