allocation rule of a uniform price auction (UPA) to favor buyers who bid low prices. In laboratory experiments, we test this … Truncated Uniform Price Auction (T-UPA) against a regular Uniform Price Auction for its ability to decrease equilibrium prices …

interpretation, that allows implementing the optimal auction outcome when the seller ignores the distributions of the different … bidders' valuations. In this robust or detail-free implementation procedure, a second-price auction is organized and the …

We conduct an empirical analysis of the effect on the auction price of a Canadian painting of the age of the painter at …