In many auctions, a good match between the bidder and seller raises the value of the contract for both parties although …

In many auctions, matching between the bidder and seller raises the value of the contract for both parties. However …

The paper presents the results of an economic experiment in which the effects of fees on allocative efficiency of … distribution of permits. Interestingly, a fixed tax enhances efficiency compared to the case of no fees, while retraction and … reallocation by auction reduces efficiency compared to both alternative treatments. Apparently, subjects’ decision making is …

We empirically assess the winner’s curse effect in auctions for toll road concessions. First, we investigate the …

Bidders in procurement auctions often face avoidable fixed costs. This can make bidding decisions complex and risky …

grand coalition is a known result. Finally, we study collusion in auctions as a mechanism design problem, insisting on the …

This paper analyzes the secret reservation price in eBay auctions. Under the assumptions of secret and public …

information, rather than the effect of revealing or concealing its existence. An institutional feature of the auctions for …