We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we … confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation … between emotions andbidding behavior in a second auction series. Our main results are: (i) the economic shock has asubstantial …

In a punishment experiment, we separate the demand for punishment in general from the demand to conduct punishment …, afterwards, subjects take part in a second price auction for the right to (physically) carry out the act of payoff reduction …

We experimentally examine the collusive properties of two commonly used auctions: the English auction (EN) and the … first-price sealed-bid auction (FPSB). In theory, both tacit and overt collusion are always incentive compatible in EN while … both can be incentive compatible in FPSB if the auction is repeated and bidders are patient enough. We find that the …

We experimentally examine the effectiveness of antitrust policies against bidding rings in theEnglish auction (EN) and … the first-price sealed-bid auction (FP). We consider both traditionalantitrust policy (without a leniency program) and …

-85.<P> In a door-to-door fundraising field experiment, we study the impact of fundraising mechanisms on charitable giving …. We approached about 4500 households, each participating in either an all-pay auction, a lottery, a non …-pay auction and the lottery. Although the all-pay auction is the superior fundraising mechanism both in theory and in the …

This paper characterizes the optimal first-price auction (FPA) and second-price auction (SPA) for selling rights …