activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while … effects, the latter has the upper hand; average bids decrease monotonically over the consecutive auctions. Since repetition …

In this note, we experimentally examine the relative performance of price-only auctions and multi-attribute auctions …-price dimensions after the auction. Both auctions theoretically implement the surplus maximizing mechanism. Our experiment confirms … this result. Moreover, we observe that the “pie” is shared the same in both auctions between buyer and suppliers both in …

Aftermarket social welfare is largely determined by a procurement auction design. Auctions select firms for operating … aftermarkets, and auctions may also impose restrictions on aftermarket prices the winner can charge. This paper compares … aftermarket social welfare generated by first-price and second-price procurement auctions. It reveals that the social welfare …

We present a general model of bidding behavior in wildlife corridor auctions. Given (i) some spatial configuration of …

substitutes, it bids above and is less likely to win. The same effects occur in auctions on service quality or number of users. In …