Bidders' risk attitudes have key implications for choices of revenue-maximizing auction formats. In ascending auctions … transaction prices and participation decisions in ascending auctions with entry costs. Nonparametric tests are proposed for two … entry costs but contains exogenous variations of potential competition and auction characteristics. In the first scenario …

have a fixed end time. A natural experiment is available because the auctions on Amazon, while operating under otherwise … passed without a bid. The strategic differences in the auction rules are reflected in the auction data by significantly more … about ending the auction playing an important role …

"per install" basis--plays a major role in the mix and characteristics of auction winners, and, consequently, in their … number of such users. The distortion becomes worse as the auction gets more competitive and the number of bidders increases …

Can measured risk attitudes and associated structural models predict insurance demand? In an experiment (n = 1,730), we …

emphasize the role of misperceptions of probabilities. We provide novel empirical tests that can discriminate between these … pools. Using a new, large-scale dataset ideally suited to implement these tests we find evidence in favor of the view that …