subject’s own behavior in the other role. The results of the experiment indicate that, when acting as senders, the majority of …

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we …

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we scan …

. Enterprises embarking on a reverse auction initiative often start with their commodity purchases. We conduct laboratory … sealed bid auction and has the same symmetric Nash equilibrium. However, the request for quote allows identification of … strategies in the sell auction counterpart. Consequently we estimate that one-fourth of the subjects follow a simple mark-up rule …

In a standard auction, bidders bid more aggressively when the number of bidders increases. However, Krishna and … simultaneous second-price sealed-bid auction for two objects with two types of bidders: single-object and multiple-object demand …

In an auction with a buy price, a seller offers bidders the opportunity to forgo competing in an auction by transacting … auction's reserve price and buy price, she does best to keep her aspirations sufficiently low by designing a no …-reserve auction with a buy price low enough that some bidder types would exercise it with positive probability in equilibrium. The …

The paper compares different auction formats for sale of a single patented innovation for budget constrained bidders … auction price and also to develop the new technology, the winner has incentives to pay a low amount for his unit to increase … equilibria for all studied auction mechanisms. These equilibria produce di¤erent consumer surplus and, thus, a central government …

A bidder may increase his bid over the course of an auction when (1) he becomes more certain about his private … return to the auction to submit a bid in a later period. …