mechanism than the customer-initiated auction. When voting between the two auctions, participants tended to favor the server …

If a government auctions the right to market a good, continuity is likely to be of significant importance. In a …

activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while … effects, the latter has the upper hand; average bids decrease monotonically over the consecutive auctions. Since repetition …

In this note, we experimentally examine the relative performance of price-only auctions and multi-attribute auctions …-price dimensions after the auction. Both auctions theoretically implement the surplus maximizing mechanism. Our experiment confirms … this result. Moreover, we observe that the “pie” is shared the same in both auctions between buyer and suppliers both in …

Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the …