In this paper we test the AK model of growth with laboratory experiments. In each period, agents produce and trade …

. We test if thresholds perform better if they are endogenously chosen, i.e. if a threshold is approved in a referendum …

In this paper we conduct a laboratory experiment to test the extent to which Moore and Repullo’s subgame perfect …

-cost firm under incomplete information: a separating auction implies adverse selection and relies substantially on commitment to … allocation and transfer rules. A pooling auction serves as a commitment device against ex-post opportunistic behavior and … alleviates adverse selection. It can earn the investor a higher expected payoff than a separating auction, even when consistency …

(ERA) is a first-price auction in which truthful bidding is encouraged by bonus payments. We test the robustness property …An auction is externality-robust if unilateral deviations from equilibrium leave the other bidders’ payoffs unaffected … externalities due to spiteful preferences, which have been used to explain overbidding in the second-price auction (SPA). Another …

-off, a hybrid share auction that includes a (possibly negative) cash reward to the winner, a minimum share, and an option to …