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

to auction prices substantially below those expected in second-price auctions. Our results reveal that the observed price … deviations are not an artefact due to the existence of the BIN price, rather a consequence of the specific features of the eBay-auction … format - a mixture between sealed-bid and open second-price auction with a fixed end-time. Moreover, we find that information …

bidders with a reputation for defaulting, counter to the idea of deterring such behavior. Our auction experiments support …Winners in online auctions frequently fail to complete purchases. Major auction platforms therefore allow "second …-chance" offers, where the runner-up bidder pays his own bid price, and they let sellers leave negative feedback on buyers who default …

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 …

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

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

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 …

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 …