This article reports the results of a first-price sealed-bid auction experiment, which has been designed to test the … data provide evidence that this overbidding regularity can be a consequence of the standard information feedback in auction … experiments of revealing only the winning bid after each auction. By means of learning direction theory we explain the individual …

learns his own valuation. Using a simple discrete asymmetric first-price auction setting, we show that a bidder may indeed …-price auction model. Finally, we use a specific signaling structure with uniform distributions to show that signaling need not be …

?uence the performance of the auction mechanism. We generalize the Ausubel-Milgrom ascending proxy auction to such an environment … possible to keep the scoring rule secret without changing the outcome of the auction. Additionally, for additive scoring rules … a close connection to the original proxy auction exists. …

It is widely believed that the English auction is solved after the dominated strategies are eliminated. This opinion is … formally confirmed only for one "ascending clock" auction and can not be generalized for most other English auctions. In this …

We analyze a repeated first-price auction in which the types of the players are determined before the first round. It … fictitious play learning scheme, then for sufficiently large time, the players' bid are in equilibrium in the one-shot auction in …