This paper presents the results of an experimental study of takeover auctions with toeholds. Consistent with the theory …

) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a …. The model also predicts different bidding behavior in second price as compared to ascending-bid auctions. The paper also … overbid more than higher value bidders, and they overbid more frequently in the second price auction than in the ascending …

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 …

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 … second novel treatment with external risk. This treatment captures the risk, prevalent in online auctions, that winners will …

bidding behavior in (online) proxy-auctions with independent private valuations. We show that temporary buy-options may reduce …-prices, bidders are reluctant to bid above the option price (even though the option is no longer available once an auction has started …

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 … exit the auction, leaving those who play closer to theoretical predictions to bid for the third good. Support for this …

generalized second price auctions. However, such an auction or mechanism could be considered unfair if similar consumers are … consistently shown different ads or consistently receive different payoffs. Results show that such ascending bid auctions may …

In this note I show that the equilibrium in cutoff strategies observed in auctions with a buy-it-now price may also … arise in markets where objects are sold simultaneously by auctions and posted prices. However, contrary to auctions with a … buyers must also observe the number of active bidders in the auction for the equilibrium to exist in cutoff strategies. …

Reserve prices are used by sellers to modify the allocation induced by standard auctions. The existing literature has …