-price dimensions after the auction. Both auctions theoretically implement the surplus maximizing mechanism. Our experiment confirms …. We do so in procurement settings where the buyer can give the winning bidder incentives to exert effort on non …

Many organizations use procurement tenders to buy large amounts of goods and services. Especially in the public sector … the use of these reverse auctions has grown rapidly over the past decades. For the (reverse) unit price auction experience … competition, incentives in unit price auction change in such a way that can make bid skewing disappear. …

implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis …

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 …

riding. In this paper we report an attempt to reproduce the findings of Mas and Moretti in a lab experiment. Lab experiments … colleagues whom they observe. Although the subjects in our experiment are aware of the productivity of others and although there …

-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 …