Equilibrium. Subjects, while undergoing fMRI scans of brain activity, participated in second price auctions against a single … auction. As is the case with all games, the bidding strategies of subjects participating in second price auctions most often … here subjects participated in sixteen auctions, after which all subjects were told the strategy that will maximize their …

We consider discontinuous games with incomplete information. Auctions are a leading example. With standard tie breaking … large class of private value auctions, ties never occur in the equilibrium of the augmented game. This establishes existence … of equilibria in such auctions with standard tie breaking rules. …

We show existence of equilibria in istributional strategies for a wide class of private value auctions, including the … first general existence result for double auctions. The set of quilibria is invariant to the tie-breaking rule. The model …. Valuations can be correlated and asymmetrically distributed. For double auctions, we show further that at least one equilibrium …

Sales of multiple real-estate properties are ften conducted via a sequence of ascending auctions, giving the winner at …" auctions raise more revenues than standard simultaneous or sequential ascending auctions. We also report the results of … laboratory experiments to investigate the effectiveness of bidders' choice auctions vis-a-vis the simultaneous ascending auction …

-price independent private value auctions. In the first stage N potential bidders simultaneously decide whether to participate in an …