If a government auctions the right to market a good, continuity is likely to be of significant importance. In a … laboratory experiment, we compare the effects of bidders' limited liability in the first-price sealed-bid auction and the English …

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 …

Globally, governments increasingly rely on auctions to advance renewable energy. This paper studies the design of wind … farm auctions and evaluates the impact of price guarantees and subsidies on auction efficiency, government revenue, and … experiment suggests that the price guarantee improves efficiency and that it often increases production and revenue. An important …

In a laboratory experiment, we compare two auction mechanisms that determine the sequence of service to queued … mechanism than the customer-initiated auction. When voting between the two auctions, participants tended to favor the server …

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

Auctions are generally not efficient when the object's expected value depends on private and common value information …