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 …

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 …

settings in which the class of optimal mechanisms has a deferred acceptance auction representation which allows an … implementation with a descending-clock auction. Only in the case of symmetric projects do price clocks descend synchronously such …

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

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

We study the role of commitment in a first-price auction environment. We devise a simple two-stage model in which … first-price auction both theoretically and experimentally. While theory suggests that the offers and the auctioneer …'s revenue should be higher in a standard first-price auction compared to the first-price auction with renegotiation, we cannot …

cartel. I find that after this date, the two suspected firms i) were more likely to bid in the same auction and ii) submitted … significantly lower bids when they competed in the same auction. A structural model of entry and bidding shows that if the firms had …

procedure: The procurer awards the contract via a price-only auction and cannot commit not to renegotiate. If cost differences … price exceeds the initial price. Moreover, the procurer cannot benefit from using a multi-dimensional auction, i.e., under … the optimal scoring auction each supplier proposes the standard design. …