from the field context of the task that theory purports to explain. Using common value auction theory as our guide, we …

Auction theory represents one of the richest areas of research in economics over the past three decades. Yet, whether … therefore use a laboratory experiment to examine if the resale opportunity by itself can have the predicted theoretical effect …

timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and …

role of timing within an ascending auction, and the possibilities for price forecasting -- and how economic and game … auction, in which a new entrant, SpectrumCo, faced all these problems yet managed to purchase nationwide coverage at a … discount of roughly a third relative to the prices paid by its incumbent competitors in the same auction, saving more than a …

Regulating bidder participation in auctions can potentially increase efficiency compared to standard auction formats … with free entry. We show that the relative performance of two such mechanisms, a standard first-price auction with free … entry and an entry rights auction, depends non-monotonically on the precision of information that bidders have about their …

We employ a novel approach to identify overbidding in the field. We compare auction prices to fixed prices for the same … switching costs, since also the expected auction price exceeds the fixed price. Limited attention to outside options is most …

that pit professionals against preprogrammed computers, and (2) post-experiment questionnaires. The most likely explanation …