In a lab experiment, we analyze the benefits of increasing competition on auction platforms hosting multiple … auctioneers of a homogeneous good. We find that increasing competition by merging separated individual auctions increases market …

Auctions with endogenous rationing have been introduced to stimulate competition. Such (procurement) auctions reduce … the volume put out to tender when competition is low. This paper finds a strong negative effect of endogenous rationing on … participation when bid-preparation is costly, counteracting the aim to stimulate competition. For multiple auctioneer's objectives …

cognitive skills. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction …Overbidding in sealed-bid second-price auctions (SPAs) has been shown to be persistent and associated with cognitive …

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. …

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

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

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 …

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 …