bid for 3 goods in first and second price auctions. Subjects learn at the beginning of each auction their valuation for …

We present evidence from 260,000 online auctions of second-hand cars to identify the impact of public reserve prices on …

We analyze credit default swap settlement auctions theoretically and evaluate them empirically. In our theoretical …

Public agencies rely on two key modes to procure goods and services: auctions and direct negotiations. The relative … passenger railway services in Germany, where regional agencies can use auctions and negotiations to procure regional passenger … auctions. This analysis suggests accounting for the endogeneity of the choice of procurement mode by estimating the mode of …

increase in anticipation of auctions of new issues and decrease after the auction, while no or a smaller such effect is present …

post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms … auctions if sellers are likely to have superior information about possible design improvements, if renegotiation is costly, and … incentives for sellers to investigate possible design improvements than auctions. This provides an explanation for the widespread …

The failure of many paintings to sell in art auctions indicates the presence of reserve prices set by sellers. This … paper examines the relationship between sale rates and price surprises over time in art auctions. Using data on contemporary …