With a laboratory experiment, we study the impact of buy-options and the corresponding buy-price on revenues and …-prices, bidders are reluctant to bid above the option price (even though the option is no longer available once an auction has started …

overbid more than higher value bidders, and they overbid more frequently in the second price auction than in the ascending … price auction. Overall, the lower value bidder submits bids that exceed value about half the time. These patterns are not …

Two experimental treatments are used to study the effects of auction risk across five mechanisms. The first canonical … neutral Nash equilibrium is prevalent in all common auction mechanisms except for the English auction. We do not find evidence …

We conduct a laboratory experiment where groups of 4 subjects constrained to obtain at most one good each, sequentially … bid for three goods in first and second price auctions. Subjects learn at the beginning of each auction their valuation … for the good and exit the auction once they have obtained one good. We show that, contrary to equilibrium predictions …

studied for non-rivalrous goods. I examine an auction framework where the good sold can be used simultaneously by multiple … bidders if their use does not conflict with others; this simultaneous use directly affects the efficiency of the auction. A … price auction over non-conflicting groups and examine how non-rivalry impacts both efficiency and collusion. Conditions are …

Buyer-seller networks where price is determined by an ascending-bid auction are important in many economic examples … sellers are better off not participating in the auction. We consider what happens if sellers can make a take it or leave it … offer to one of their linked buyers before the auction takes place and thus such a seller can choose not to participate in …

generalized second price auctions. However, such an auction or mechanism could be considered unfair if similar consumers are …

buyers must also observe the number of active bidders in the auction for the equilibrium to exist in cutoff strategies. …