their auction end at the evening, when many potential buyers may be online. …

auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …

trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows … sellers to post prices at which buyers can purchase a good prior to the auction. Even though, buyer behavior is well studied … auction market (the eBay platform and eBay traders) with the techniques of lab experiments. We find a striking link between …

theoretical framework, we find that in auction categories where bidders' non-price characteristics are of little importance for …

the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in …

. For any number of objects and bidders, both the pure bundling auction and separate, efficient auctions for the single … objects are revenue-inferior to an auction that involves mixed bundling. …

between auction formats. The finding is that bidders strongly prefer the ascending to the first price sealed bid auction on a … ceteris paribus basis but they are not willing to pay up to an entry price for entering into an ascending auction instead of a … for bidders' auction choice behavior leaving risk aversion as the only un-falsified hypothesis. …

opportunity to accept a posted price offer from the seller before the start of the auction. Bringing the field into the lab, we …

employment office or head hunter. In a centralised descending-bid, multi-item procurement auction, workers submitwage-bids for …