shown that, if the number of bidders is fixed, a reserve price can be used to increase expected revenues. This comes at the … expense of efficiency when the auctioned good goes unsold. Instead, when the number of bidders is not fixed, a reserve price … may discourage entry. The reduction in the number of bidders caused by the reserve price in this situation is detrimental …

We consider a vertically related market where one quantity-setting and another price-setting downstream firm negotiate … that the price-setting firm produces a higher output and earns a higher profit than the quantity-setting firm when … bargaining is decentralised. Additionally, both firms produce the same output, whereas the profit is higher under the price …

We conduct an artefactual field experiment to compare the individual preferences and propensity to cooperate of three …

outcomes of either the individual herself or her reference group. The experiment described in this paper suggests that, in …

The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English …. 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 …

We report results from experimental first-price, sealed-bid, all-pay auctions for a good with a common and known value …