In Buy-It-Now (BIN, hereafter) auctions, sellers can make a "take-it-or-leave-it" price offer (BIN price) prior to an … to auction prices substantially below those expected in second-price auctions. Our results reveal that the observed price … BIN prices to eBay auctions has an enhancing effect: the eBay BIN auction is more efficient and generates significantly …

Overbidding in auctions has been attributed to e.g. risk aversion, loser regret, level-k, and cursedness, relying on … psychological phenomenon that naturally applies to auctions. First, I show that type projection generates the main behavioral … phenomena observed in auctions, including increased sense of competition ("loser regret") and broken Bayesian updating …

in strategic settings. This article studies the role of anchoring bias in private-value auctions. We test experimentally … biased beliefs. In Dutch auctions, the effect of a starting price, is negative. We demonstrate that the long …

Overbidding in sealed-bid second-price auctions (SPAs) has been shown to be persistent and associated with cognitive … 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 … of view. Buy-It-Now auctions are complex mechanisms and therefore quite challenging for sellers. The paper discusses the …-It-Now auctions. …

Winners in online auctions frequently fail to complete purchases. Major auction platforms therefore allow "second …

In auctions bidders are usually assumed to have rational expectations with regards to their winning probability … auctions, I show that by decreasing the time between bids and revelation of results, the auctioneer can induce bidders to …