We study the relative performance of the first‐price sealed‐bid auction and the second-price sealed‐bid auction in a … laboratory experiment where bidders can signal information through their bidding behaviour to an outside observer. We consider … reveals the winner’s payment to an outside observer. We find that the first‐price sealed‐bid auction in which the winner …

fluctuations in prices. In this paper, we examine the dynamic auction design and propose a method to curb price volatility through …

reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to … and legal arguments for and against an auction reserve price. Our economic analysis concludes that an auction reserve …

information’ assumption. The ad value is characterized by a tractable analytical solution given observed auction parameters. Using … Yahoo! search auction data, we estimate value distributions and study the bidding behavior across product categories. We …

We study the optimal entry fee in a symmetric private value first-price auction with signaling, in which the … participation decisions and the auction outcome are used by an outside observer to infer the bidders’ types. We show that this … auction has a unique fully separating equilibrium bidding function. When the bidders’ sensibility for the signaling concern is …

We conducted a controlled field experiment on eBay and examined to what extent both social and competitive laboratory … patterns in the field experiment mirror fully naturally occurring trading patterns in the market. …

. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction format in which …

We report results from the first experimental study of round-robin tournaments. In our experiment, we investigate how …

-nudge interventions worked. A follow-up experiment reveals the reason for these convincing null-effects: the information norm-nudges did …