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Articles 2071 - 2100 of 23250
Full-Text Articles in Entire DC Network
Unlocking Markets: A Multilingual Benchmark To Cross-Market Question Answering, Yifei Yuan, Yang Deng, Anders Sogaard, Mohammad Alliannejadi
Unlocking Markets: A Multilingual Benchmark To Cross-Market Question Answering, Yifei Yuan, Yang Deng, Anders Sogaard, Mohammad Alliannejadi
Research Collection School Of Computing and Information Systems
Users post numerous product-related questions on e-commerce platforms, affecting their purchase decisions. Product-related question answering (PQA) entails utilizing product-related resources to provide precise responses to users. Wepropose a novel task of Multilingual Crossmarket Product-based Question Answering (MCPQA) and define the task as providing answers to product-related questions in a main marketplace by utilizing information from another resource-rich auxiliary marketplace in a multilingual context. We introduce a largescale dataset comprising over 7 million questions from 17 marketplaces across 11 languages. We then perform automatic translation on the Electronics category of our dataset, naming it as McMarket. We focus on two subtasks: …
Empowering Ageing-In-Place, Zidane Tiew, Wei Tin Hiah, Rachel Wen Yi Ngu, Wensi Lim
Empowering Ageing-In-Place, Zidane Tiew, Wei Tin Hiah, Rachel Wen Yi Ngu, Wensi Lim
ROSA Research Briefs
In the past year, three governmental ministries – the Ministry of Health, Ministry of National Development, and Ministry of Transport – have jointly led Age Well SG, a national programme that seeks to support older Singaporeans in ageing well in their homes and their communities. This programme reflects the government’s priority in enabling ageing-in-place, a trend that has been increasingly welcomed by older Singaporeans. Current policies that seek to enable ageing-in-place are centred on three forms of enhancements in the environments in which older Singaporeans live, such as the implementation of Active Ageing Centres, strengthening of support for care needs, …
Digital India, Rajendra Srivastava, Vijay Shankar S, Aman Rajeev Kulkarni
Digital India, Rajendra Srivastava, Vijay Shankar S, Aman Rajeev Kulkarni
Asian Management Insights
At the heart of India’s ongoing digital transformation lies a ‘perfect storm’ of pivotal elements: a robust telecom industry, groundbreaking digital technologies, an evolving payments ecosystem, and widespread smartphone adoption. Together, these elements have redefined connectivity, communication, and financial transactions, positioning India as a leader in the digital age.
The Path To Greening Our Future, Havovi Joshi
The Path To Greening Our Future, Havovi Joshi
Asian Management Insights
More than half of humanity currently lives in urban areas, and the United Nations predicts that figure will reach 70 percent by 2050. Cities worldwide already generate a significant amount of solid waste annually, adding to vexing issues that the global community is trying to address–demand for transportation, air pollution, access to public open spaces, urban sprawl, and general sustainability challenges. Throw in global warming and the copious greenhouse gas (GHG) emissions borne of construction activities, and the challenge of creating the necessary urban infrastructure to cope comes into sharp focus.
From Congestion To Connectivity, Shoeb Kagda
From Congestion To Connectivity, Shoeb Kagda
Asian Management Insights
Southeast Asia is betting on new urban transit systems to solve its urban gridlock problems.
Why Isn’T Formula 1 Going Electric?, Terry Van Gevelt
Why Isn’T Formula 1 Going Electric?, Terry Van Gevelt
Asian Management Insights
Electric vehicles are not the only sustainable automotive option.
1. While electric vehicles (EVs) are marketed as ‘zero-emission’, their overall environmental impact and battery production all contribute to their lifecycle emissions. In fact, their widespread adoption needs significant infrastructural changes like installing new charging networks and upgrading power grids, which come with substantial environmental and financial costs.
2. Considering a diverse array of energy alternatives, including synthetic e-fuels, could offer Singapore a that is tailored to the specific needs and infrastructural realities of the country and region.
Pigs And The City, Sayd Randle
Pigs And The City, Sayd Randle
Asian Management Insights
Urban greening requires a re-look at sharing space with animals and nature.
1. There are several challenges when balancing urban development with ecological sustainability, as seen in Singapore’s struggles with human-wildlife interactions like wild boars entering populated areas.
2. Opinions on managing wildlife diverge between calls for stricter population control and concerns over habitat loss. This shows the need for balanced approaches that cater to both humans and ecology alike.
3. Cities like Houston, Barcelona, and Hong Kong offer different models for human-wildlife management, showing that local contexts shape approaches to achieving peaceful coexistence with urban wildlife.
Which Idea To Pursue? Gender Differences In Novelty Avoidance During Creative Idea Selection, Mengzi Jin, Roy Y. J. Chua
Which Idea To Pursue? Gender Differences In Novelty Avoidance During Creative Idea Selection, Mengzi Jin, Roy Y. J. Chua
Research Collection Lee Kong Chian School Of Business
Despite women having made significant progress in the modern workforce, gender gaps are still evident in creative work. In this paper, we propose that, although women and men are equally capable of generating creative ideas, gender differences emerge during the idea-selection stage. Specifically, compared with men, women engage in higher novelty avoidance during idea selection—the degree to which one selects an idea that is less novel than the most novel idea one has generated. In two laboratory studies and a field survey involving creative professionals, we found significant gender differences in novelty avoidance during idea selection and identified women’s concerns …
Validity Of Social Media Assessments In Personnel Selection: A Systematic Review Of The Initial Evidence, Franz W. Mönke, Nicolas Roulin, Filip Lievens, Marie Therese Bartossek, Philipp Schäpers
Validity Of Social Media Assessments In Personnel Selection: A Systematic Review Of The Initial Evidence, Franz W. Mönke, Nicolas Roulin, Filip Lievens, Marie Therese Bartossek, Philipp Schäpers
Research Collection Lee Kong Chian School Of Business
Approximately two out of three recruiters report screening candidates’ KSAOs (knowledge, skills, abilities, and other characteristics like personality) or hireability based on social media platforms (e.g., Facebook, LinkedIn), often referred to as cybervetting. However, various researchers cautioned against engaging in this emerging practice due to questions about the validity of social media assessments. Therefore, we conducted a systematic review to summarize initial research on the psychometric properties of social media assessments: Reliability, construct-related validity, and criterion-related validity. Our literature search yielded 12 studies with 536 raters and 2,019 ratees, and most of these studies addressed personality traits. We found that …
Celebrating Professor Rita Mcgrath: Winner Of The Ck Prahalad Outstanding Scholar / Practitioner Award, Strategic Management Society, Us 2022: A Conversation With Howard Thomas, Rita Mcgrath, Howard Thomas
Celebrating Professor Rita Mcgrath: Winner Of The Ck Prahalad Outstanding Scholar / Practitioner Award, Strategic Management Society, Us 2022: A Conversation With Howard Thomas, Rita Mcgrath, Howard Thomas
Research Collection Lee Kong Chian School Of Business
This article highlights Rita McGrath’s extraordinary career and contributions to management thinking, particularly at the intersection of strategy and innovation. Raised in a science-oriented family, McGrath’s academic journey began with a PhD at Wharton and continued at Columbia Business School. She pioneered concepts like “Discovery-Driven Planning” and the idea of “transient competitive advantage,” reshaping how organisations navigate uncertainty and innovation. Her works, including The End of Competitive Advantage and Seeing Around Corners, blend rigorous research with practical insights. A tireless advocate for diversity in academia, McGrath’s achievements bridge academic excellence and real-world impact, serving as an inspiration for future leaders.
Catching The Digital Wave : Jumbo Group Shows How Digital Transformation And Its Seafood Business Can Go Together, Xuesong Geng, Andrew Chin, Thomas Lim
Catching The Digital Wave : Jumbo Group Shows How Digital Transformation And Its Seafood Business Can Go Together, Xuesong Geng, Andrew Chin, Thomas Lim
Research Collection Lee Kong Chian School Of Business
JUMBO Group shows how digital transformation and its seafood business can go together.
Knowledge “Hiding And Seeking” During The Pandemic: Who Really Wins In The New Normal?, Kim-Lim Tan, Ivy S. H. Hii, Chuen Kong Kevin Cheong
Knowledge “Hiding And Seeking” During The Pandemic: Who Really Wins In The New Normal?, Kim-Lim Tan, Ivy S. H. Hii, Chuen Kong Kevin Cheong
Research Collection Lee Kong Chian School Of Business
PurposeThe recent COVID-19 pandemic caused a severe economic downturn. Employees working in these organisations face employment uncertainty. The pandemic disrupted their daily routines, and it added a layer of complexity to the already resource-constrained environment. During these times, employees would conserve their resources to maintain competitiveness, one of which is knowledge hiding. While economic activities are resuming, the appearance of new variants could mean the transition towards endemicity could be put on hold. Hence, there is a need to rethink the behaviour of employees as they would have elevated levels of anxiety towards resuming daily work activities. Therefore, this study …
Urban H: Housing, Heat, And Health, Loretta Lees
Urban H: Housing, Heat, And Health, Loretta Lees
Asian Management Insights
Future policy needs to triangulate the ‘triple-H’ to help marginalised urban populations.
1. The urban heat island effect generates disproportionately high temperatures in urban settlements compared to non-urban ones, leading to increased heat-related illnesses and mental health issues, especially among vulnerable and marginalised populations living in poorly-planned or -resourced areas.
The Urban-H research agenda by Boston University’s Initiative on Cities focuses on the interconnected effects of housing, heat, and health (triple-H) to develop a resilience index for cities.
3. The proposed global Urban-H Index could help cities worldwide address the triple-H crisis by guiding policymakers to craft equitable, as well …
Our Roads Are Choking Us, Mark Stevenson, Ferdinand Balfoort, Darius Balfoort
Our Roads Are Choking Us, Mark Stevenson, Ferdinand Balfoort, Darius Balfoort
Asian Management Insights
Re-imagining transport systems to cut carbon emissions and drive climate change.
1. The global transport sector, particularly road transport, contributes significantly to global greenhouse gas (GHG) emissions and air pollution, causing serious health issues like respiratory and cardiovascular diseases, especially in highly urbanised areas.
2. In-vehicle telematics and smartphone apps that provide emission feedback can help incentivise drivers to adopt sustainable driving habits. A global carbon credit market can help achieve the same goal by letting individuals and companies monetise their emission reduction.
3. Transitioning to electric vehicles and micro- mobility solutions, with the support of proper infrastructure and regulations, …
Urban Sustainability: The Singapore Experience, Chuan Seng Lee
Urban Sustainability: The Singapore Experience, Chuan Seng Lee
Asian Management Insights
The importance of green buildings, the circular economy, and zero waste.
Lee Chuan Seng, Chairman of the National Environment Agency (NEA) and founding President of the Singapore Green Building Council (SGBC), shares insights on urban sustainability. He emphasizes the significance of green buildings, the circular economy, and achieving zero waste. Lee also discusses strategies to promote the reduction and reuse of materials in the built environment, contributing to Singapore's leadership in sustainable urban development.
Power Shift: Steering The Energy Sector Towards A Net Zero Future, Tengku Muhammad Taufik
Power Shift: Steering The Energy Sector Towards A Net Zero Future, Tengku Muhammad Taufik
Asian Management Insights
Tengku Muhammad Taufik, President and Group CEO of PETRONAS, discusses how the global energy company navigates an increasingly volatile energy market while advancing its commitment to a Net Zero future. Balancing traditional operations with the demands of an accelerated energy transition, PETRONAS focuses on delivering energy to its stakeholders while meeting sustainability expectations. The company adopts frontier technologies and artificial intelligence (AI) as key enablers in its strategy to achieve a sustainable and resilient energy future.
Angels Or Demons: Investigating And Detecting Decentralized Financial Traps On Ethereum Smart Contracts, Jiachi Chen, Jiang Hu, Xin Xia, David Lo, John Grundy, Zhipeng Gao, Ting Chen
Angels Or Demons: Investigating And Detecting Decentralized Financial Traps On Ethereum Smart Contracts, Jiachi Chen, Jiang Hu, Xin Xia, David Lo, John Grundy, Zhipeng Gao, Ting Chen
Research Collection School Of Computing and Information Systems
Decentralized Finance (DeFi) uses blockchain technologies to transform traditional financial activities into decentralized platforms that run without intermediaries and centralized institutions. Smart contracts are programs that run on the blockchain, and by utilizing smart contracts, developers can more easily develop DeFi applications. Some key features of smart contracts—self-executed and immutability—ensure the trustworthiness, transparency and efficiency of DeFi applications and have led to a fast-growing DeFi market. However, misbehaving developers can add traps or backdoor code snippets to a smart contract, which are hard for contract users to discover. We call these code snippets in a DeFi smart contract as “DeFi …
Cas: Fusing Dnn Optimization & Adaptive Sensing For Energy-Efficient Multi-Modal Inference, Dulanga Weerakoon, Vigneshwaran Subbaraju, Joo Hwee Lim, Archan Misra
Cas: Fusing Dnn Optimization & Adaptive Sensing For Energy-Efficient Multi-Modal Inference, Dulanga Weerakoon, Vigneshwaran Subbaraju, Joo Hwee Lim, Archan Misra
Research Collection School Of Computing and Information Systems
Intelligent virtual agents are used to accomplish complex multi-modal tasks such as human instruction comprehension in mixed-reality environments by increasingly adopting richer, energy-intensive sensors and processing pipelines. In such applications, the context for activating sensors and processing blocks required to accomplish a given task instance is usually manifested via multiple sensing modes. Based on this observation, we introduce a novel Commit-and-Switch ( CAS ) paradigm that simultaneously seeks to reduce both sensing and processing energy. In CAS , we first commit to a low-energy computational pipeline with a subset of available sensors. Then, the task context estimated by this pipeline …
From Data To Application: Harnessing Big Spatial Data And Spatially Explicit Machine Learning Model For Landslide Susceptibility Prediction And Mapping, Min Naing Khant, Mei Yi Victoria Grace Ann, Tin Seong Kam
From Data To Application: Harnessing Big Spatial Data And Spatially Explicit Machine Learning Model For Landslide Susceptibility Prediction And Mapping, Min Naing Khant, Mei Yi Victoria Grace Ann, Tin Seong Kam
Research Collection School Of Computing and Information Systems
Recent advancements in information and communication technology have significantly enhanced access to extensive geospatial data, presenting a valuable opportunity to leverage big spatial data for improved modeling and predictive capabilities in natural disaster risk assessment. This paper explores the integration of a comprehensive dataset comprising historical landslide events and various geo-environmental variables within a spatially explicit machine learning framework. The study empirically demonstrates that incorporating big spatial data allows a more nuanced understanding of local variations and spatial dependencies. Ultimately, this empirical assessment produces more accurate landslide risk predictions than traditional baseline models. Using Italy’s expansive Valtellina Valley as a …
Revisiting The Conflict-Resolving Problem From A Semantic Perspective, Jinhao Dong, Jun Sun, Yun Lin, Yedi Zhang, Murong Ma, Jin Song Dong, Dan Hao
Revisiting The Conflict-Resolving Problem From A Semantic Perspective, Jinhao Dong, Jun Sun, Yun Lin, Yedi Zhang, Murong Ma, Jin Song Dong, Dan Hao
Research Collection School Of Computing and Information Systems
Collaborative software development significantly enhances development productivity by enabling multiple contributors to work concurrently on different branches. Despite these advantages, such collaboration often increases the likelihood of causing conflicts. Resolving these conflicts brings huge challenges, primarily due to the necessity of comprehending the differences between conflicting versions. Researchers have explored various automatic conflict resolution techniques, including unstructured, structured, and learning-based approaches. However, these techniques are mostly heuristic-based or black-box in nature, which means they do not attempt to solve the root cause of the conflicts, i.e., the existence of different program behaviors exhibited by the conflicting versions.In this work, we …
Hi3d: Pursuing High-Resolution Image-To-3d Generation With Video Diffusion Models, Haibo Yang, Yang Chen, Yingwei Pan, Ting Yao, Zhineng Chen, Chong-Wah Ngo, Tao Mei
Hi3d: Pursuing High-Resolution Image-To-3d Generation With Video Diffusion Models, Haibo Yang, Yang Chen, Yingwei Pan, Ting Yao, Zhineng Chen, Chong-Wah Ngo, Tao Mei
Research Collection School Of Computing and Information Systems
Despite having tremendous progress in image-to-3D generation, existing methods still struggle to produce multi-view consistent images with high-resolution textures in detail, especially in the paradigm of 2D diffusion that lacks 3D awareness. In this work, we present High-resolution Image-to-3D model (Hi3D), a new video diffusion based paradigm that redefines a single image to multi-view images as 3D-aware sequential image generation (i.e., orbital video generation). This methodology delves into the underlying temporal consistency knowledge in video diffusion model that generalizes well to geometry consistency across multiple views in 3D generation. Technically, Hi3D first empowers the pre-trained video diffusion model with 3D-aware …
Multimodal Misinformation Detection By Learning From Synthetic Data With Multimodal Llms, Fengzhu Zeng, Wenqian Li, Wei Gao, Yan Pang
Multimodal Misinformation Detection By Learning From Synthetic Data With Multimodal Llms, Fengzhu Zeng, Wenqian Li, Wei Gao, Yan Pang
Research Collection School Of Computing and Information Systems
Detecting multimodal misinformation, especially in the form of image-text pairs, is crucial. Obtaining large-scale, high-quality real-world fact-checking datasets for training detectors is costly, leading researchers to use synthetic datasets generated by AI technologies. However, the generalizability of detectors trained on synthetic data to real-world scenarios remains unclear due to the distribution gap. To address this, we propose learning from synthetic data for detecting real-world multimodal misinformation through two model-agnostic data selection methods that match synthetic and real-world data distributions. Experiments show that our method enhances the performance of a small MLLM (13B) on real-world fact-checking datasets, enabling it to even …
Scoping Software Engineering For Ai: The Tse Perspective, Sebastián Uchitel, Marsha Chechik, Massimiliano Di Penta, Bram Adams, Nazareno Aguirre, Gabriele Bavota, Domenico Bianculli, Kelly Blincoe, Ana Cavalcanti, Yvonne Dittrich, Filomena Ferrucci, Rashina Hoda, Liguo Huang, David Lo, Et Al.
Scoping Software Engineering For Ai: The Tse Perspective, Sebastián Uchitel, Marsha Chechik, Massimiliano Di Penta, Bram Adams, Nazareno Aguirre, Gabriele Bavota, Domenico Bianculli, Kelly Blincoe, Ana Cavalcanti, Yvonne Dittrich, Filomena Ferrucci, Rashina Hoda, Liguo Huang, David Lo, Et Al.
Research Collection School Of Computing and Information Systems
In recent years, important advances in Artificial Intelligence (AI), and, in particular, in Machine Learning (ML), including Deep Learning (DL) and Large Language Models (LLMs), have caused a substantial increase of submissions to all Software Engineering (SE) venues (conferences and journals) related to SE with and for AI. They are commonly referred to as AI for SE and SE for AI.
Thoughts To Target: Enhance Planning For Target-Driven Conversation, Zhonghua Zheng, Lizi Liao, Yang Deng, Ee-Peng Lim, Minlie Huang, Liqiang Nie
Thoughts To Target: Enhance Planning For Target-Driven Conversation, Zhonghua Zheng, Lizi Liao, Yang Deng, Ee-Peng Lim, Minlie Huang, Liqiang Nie
Research Collection School Of Computing and Information Systems
In conversational AI, large-scale models excel in various tasks but struggle with target-driven conversation planning. Current methods, such as chain-of-thought reasoning and tree-search policy learning techniques, either neglect plan rationality or require extensive human simulation procedures. Addressing this, we propose a novel two-stage framework, named EnPL, to improve the LLMs’ capability in planning conversations towards designated targets, including (1) distilling natural language plans from target-driven conversation corpus and (2) generating new plans with demonstration-guided in-context learning. Specifically, we first propose a filter approach to distill a high-quality plan dataset, ConvPlan1. With the aid of corresponding conversational data and support from …
Ai And Creativity: Effects Of Culture And Task Emotiveness In Human-Ai Collaboration, Choon Ngee Tan
Ai And Creativity: Effects Of Culture And Task Emotiveness In Human-Ai Collaboration, Choon Ngee Tan
Dissertations and Theses Collection (Open Access)
Creativity is the driving force behind innovation, propelling individuals and societies toward progress by generating novel ideas and groundbreaking solutions. The emergence of generative AI models, exemplified by GPT-3, offers opportunities to enhance human creativity. This paper explores the potential for unprecedented breakthroughs through the synergy between human intuition and AI-driven creativity, providing practical guidance on leveraging AI to amplify creative capacities. Study 1 finds that AI models trained on data from the U.S. and Chinese cultures exhibit cultural norms, values and cognition of those cultures. Study 2 finds that when humans and AI models of the same culture collaborate …
Experimental Evidence Of Instagram Influencers’ Impact On Well-Being, Kimberly Yiting T'Ng, Kai Qin Chan, Andree Hartanto
Experimental Evidence Of Instagram Influencers’ Impact On Well-Being, Kimberly Yiting T'Ng, Kai Qin Chan, Andree Hartanto
Research Collection School of Social Sciences
With Instagram influencers holding significant sway over public perception, their presumed psychological impact on young adults has gathered public attention. It has been claimed that influencers, known for showcasing enviable lifestyles, have the potential to affect their followers’ well-being. However, these claims have been based on correlational data that focuses on diffused indicators of social media consumption rather than specific features of Instagram. This limits our insight into the direct effects of Instagram on well-being. We experimentally investigated the effects of a brief exposure to Instagram influencers on the well-being. Our results showed that viewing profiles of demographically similar social …
Against The Substitutive Approach To Ai In Healthcare, Rand Hirmiz
Against The Substitutive Approach To Ai In Healthcare, Rand Hirmiz
Research Collection School of Social Sciences
Paul Bloom has famously argued against the need for empathy in clinicians, while Sally Dalton-Brown has argued that AI need not be capable of empathy to be a good carer. In this paper, the capacity for AI to substitute for human clinicians is assessed from a bioethical perspective, primarily through the evaluation of the arguments put forth by Dalton-Brown and Bloom concerning empathy in healthcare. In opposition to both Bloom and Dalton-Brown, this paper argues that (1) empathy is essential to providing good care or deep care (that is, care that goes beyond the mere fulfilment of medical tasks), (2) …
Finding Purpose In Higher Education: Insights From The Distinctive Career Of Professor Rajani Naidoo, Howard Thomas
Finding Purpose In Higher Education: Insights From The Distinctive Career Of Professor Rajani Naidoo, Howard Thomas
Research Collection Lee Kong Chian School Of Business
The author explores Professor Rajani Naidoo’s inspiring journey in higher education, marked by advocacy, leadership, and a commitment to social justice. Born in apartheid South Africa, Rajani’s formative experiences with inequality shaped her lifelong dedication to equity in education. Her academic path took her to the University of Bath, where she directed the International Centre for Higher Education Management, emphasising interdisciplinary research and ethical leadership. Now Deputy Vice-Chancellor at the University of Exeter, she drives cultural change and inclusivity. Rajani’s work challenges competitive norms, advocates global collaboration, and envisions universities as agents of societal good. Her story exemplifies purpose-driven academic …
Review Forum : Intervention Before Interventionism : A Global Genealogy. By Patrick Quinton-Brown. Oxford: Oxford University Press. 2024., Robbie Shilliam, Lina Benabdallah, Heloise Weber, Craig N. Murphy, Samuel Moyn, Jennifer M. Welsh, Patrick Quinton-Brown
Review Forum : Intervention Before Interventionism : A Global Genealogy. By Patrick Quinton-Brown. Oxford: Oxford University Press. 2024., Robbie Shilliam, Lina Benabdallah, Heloise Weber, Craig N. Murphy, Samuel Moyn, Jennifer M. Welsh, Patrick Quinton-Brown
Research Collection School of Social Sciences
What if core concepts in International Relations (IR) yielded multiple interpretations that were connected to various political projects, pursued with differing consequences for global governance? What would be the harm of teaching one interpretation as the only interpretation, connected to the only project, with a singular consequence? How might our analysis of the present and our expectations of the future shift if we pluralized our understandings of the political life of core concepts? Patrick Quinton-Brown's book challenges us to do so with one of the core concepts of IR: intervention.Intervention before interventionism joins recent critiques of the Responsibility to Protect …
An Empirical Test Of Auction Efficiency: Evidence From Mbs Auctions Of The Federal Reserve, Pietro Bonadi, Ali Hortacsu, Zhaogang Song
An Empirical Test Of Auction Efficiency: Evidence From Mbs Auctions Of The Federal Reserve, Pietro Bonadi, Ali Hortacsu, Zhaogang Song
Research Collection Lee Kong Chian School Of Business
PurposeWe estimate the marginal cost curve of each dealer in each auction, based on structural models of the multiunit discriminatory-price auction.Design/methodology/approachAuction theory has ambiguous implications regarding the relative performance of three formats of multiunit auctions: uniform-price, discriminatory-price and Vickrey auctions. We evaluate the performance of these three auction formats using bid-level data of the Federal Reserve’s purchase auctions of agency MBS from June 2014 through November 2014.FindingsOur results suggest that neither uniform-price nor Vickrey auctions outperform discriminatory-price auctions in terms of the total expenditure. However, Vickrey auctions outperform discriminatory-price auctions in terms of efficiency, with the efficiency gain around 0.74% …