; and rst-price, second-price, and all-pay auctions. Second, we establish revenue equivalence of these auction mechanisms in … auctions. Finally, we identify an optimal mechanism and its implementation by means of reserve prices in lottery and auction …

reverse auction. Shares are allocated endogenously, depending on the suppliers ́bids. The procedure obtains dual sourcing by … than a standard auction for sole sourcing. We also show that providers reveal their costs truthfully and that the …

choices from a laboratory experiment. The equilibrium predicts that the large battlefield receives more than a proportional …

-dependent preferences. -- Repeated markets ; Economic principles ; Anomalies ; Experiment ; Social interactions …

The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting … no equilibrium achieving full efficiency. In the experiment, we vary the proportion of naive traders by introducing … computerized players. We find that full efficiency is not achieved in the experiment with or without naive traders, and efficiency …

results have important implications for the design of IPO auctions. -- IPO ; uniform price auction ; divisible goods ; share …

that the standard allocation rule is particularly vulnerable to collusive equilibria. -- experiment ; uniform price auction … ; multi-unit auction ; divisible-good auction ; allocation rule ; communication …