discriminatory auction. Strategic demand reduction is quite prevalent in the ascending auction even when entry by the newcomer …Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the … exclude entrants from the market. We consider an environment where both demand reduction and preemptive bidding are supported …

We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we … confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation … between emotions andbidding behavior in a second auction series. Our main results are: (i) the economic shock has asubstantial …

uncertainty, some form of auction performs better than others with demand uncertainty. …We study the efficiency of private supply of roads under demand uncertainty and evaluate various regulatory policies …. Due to demand uncertainty, capacity is decided before demand is known but tolls can be adjusted after demand is known …

under demand uncertainty: we solve for equilibrium and optimum as benchmarks, and evaluate the efficiency of possible … first-best case, even though the capacity is higher than the capacity for the deterministic demand equal to the expected … study, regulation by competitiv e auction cannot replicate the second-best zero-profit result. For more complex networks …

In a field experiment, we study the revenue-generating properties of premium auctions. In a premium auction, the runner … experiment, we compare two types of premium auctions with the standard Vickrey auction selling high-quality, limited … that the relative performance of premium auctions compared to standard auction formats is context-specific. In the …

We study the relative performance of the first-price sealed-bid auction and the second-price sealed-bid auction in a … laboratory experiment where bidders can signal information through their bidding behavior to an outside observer. We consider two … winner's payment to an outside observer. We find that the first-price sealed-bid auction in which the winner's payment is …

question of the value added of letting the sourcing process consist of both an auction and a negotiation stage, theoretically … and in a laboratory experiment. Our theoretical results suggest that in a setting where the buyer and the suppliers have … auction is beneficial to the buyer compared to no communication and ex-ante communication. In a setting where the buyer and …

Using laboratory experiments, we compare the stability of bidding rings in the English auction and the first …-price sealed-bid auction in a heterogeneous-value setting. In both a re-matching condition and a fixed-matching condition, we … observe that biddings rings are more stable in the English auction than in the first-price sealed-bid auction. In both …