experiment, we compare four different second-price auction formats for procuring a good. The four formats are a sealed … procurement auction formats can take advantage of bidders' willingness-to-pay-willingness-to-accept disparity. In a laboratory …-bid auction and three di erent descending-clock auctions. We assume that a bidder's willingness-to-accept exceeds his willingness …

all-pay sealed-bid auction in a laboratory experiment where bidders can signal information through their bidding behaviour …We study the relative performance of the first-price sealed-bid auction, the second-price sealed-bid auction, and the …-bid auction in which the bidders’ payments are revealed outperforms the other mechanisms in terms of revenue, while this mechanism …

Winners in online auctions frequently fail to complete purchases. Major auction platforms therefore allow "second … bidders with a reputation for defaulting, counter to the idea of deterring such behavior. Our auction experiments support …

Our study compares individual and team bidding in standard auction formats: first-price, second-price and ascending …-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than …

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

In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature …

auction. We analyse experimentally how eBay sellers set BIN prices and whether they benefit from offering them. Using the real … eBay environment in the laboratory, we find that the eBay auction format supports deviations from truthful bidding leading … to auction prices substantially below those expected in second-price auctions. Our results reveal that the observed price …

In a lab experiment, we analyze the benefits of increasing competition on auction platforms hosting multiple …

We test the importance of social norms for market interactions associated with negative real-world externalities in a … large-scale experiment with a heterogeneous population sample from Germany. The majority of experimental participants …

compared to any single-stage auction. Finally we derive the optimal efficient two-stage mechanism. …