Two auction mechanisms are studied in which players compete with one another for an exogenously determined prize by … lowest (highest) bid auction game, the winner of the prize is the player who submits the lowest (highest) bid provided that …-negative cost of entry, and an option to stay out of the auction if the entry cost is deemed too high, we propose an algorithm for …

The unmediated call auction is a useful trading mechanism to aggregate dispersedinformation. Its ability to incorporate … auction game where both auction prices and limit prices of uninformed tradersre°ect potential insider information. The … predictions of the model are tested inthe laboratory. While an insider improves the call auction outcomes in terms ofincreasing …

the observed overperformance in the tournament is similar to overbidding in auctions. Furthermore,it disentangles two …

Collusive agreements are often observed in procurement auctions. They are probablymore easily achieved when competitors …

dissemination in competitive auctions can reduce, oreven eliminate, logical errors in the Wason selection task. Our results show …

, usingsequential, multi-unit auctions, we show that the price mechanismfails to be beneficial for producers in every case. As an … examplewe discuss auctions for future access rights to a network.We use experiments to show that the incentives for free …-ridinginherent in auctions for future access provide inaccurate signalsfor investment. …

continuous double auction, indicate that objectivelyirrelevant information influences trading behavior. Moreover, positively and …

anonymous continuousdouble auctions, and with real financial incentives. The results of two experiments involving28 markets …