-submodular in income and type. We then show that when bidders are risk averse (preferring), the equilibrium price sequences should … the Vickrey sequential auctions. In particular, the "declining price anomaly" is perfectly consistent with nonincreasing …

In a laboratory experiment, we compare two auction mechanisms that determine the sequence of service to queued … customers. In the server-initiated auction, the server, when idle, sells the right to be served next to the highest bidding … equilibrium. In the customer-initiated auction, new arrivals can sequentially trade places with queued customers. This mechanism …

laboratory experiment, we compare the effects of bidders' limited liability in the first-price sealed-bid auction and the English … aggressive bids and fewer bankruptcies than the first-price sealed-bid auction. X-cursedness gives a robust explanation of our … auction in a common value setting. Our data strongly reject our theoretical prediction that the English auction leads to less …

as equilibrium phenomena of the ascending auction. In a series of experiments, we compare its performance to that of the … discriminatory auction. Strategic demand reduction is quite prevalent in the ascending auction even when entry by the newcomer … imposes a (large) negative externality on incumbents. As a result, the ascending auction performs worse than the …

We contribute to the literature on the optimal design of auction mechanisms for the procurement of nature conservation …

In this note, we experimentally examine the relative performance of price-only auctions and multi-attribute auctions …. We do so in procurement settings where the buyer can give the winning bidder incentives to exert effort on non-price … dimensions after the auction. Both auctions theoretically implement the surplus maximizing mechanism. Our experiment confirms …

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 …

-bidders' auction is similar to the Hawk-Dove game, which motivates to study symmetric NEs: Properties and comparative statics are …

A simultaneous pooled auction with multiple bids and preference lists is a way to auction multiple objects, in which … case they have the highest bid on more than one object. This type of auction has been used in the Netherlands and in … Ireland to auction available spectrum. We show that this type of auction does not satisfy elementary desirable properties such …