lowers prices by over 2% while the auctioning of licenses without such an obligation has no discernible effect. We find no …

aggregate dispersed information. Another reason behind the frequent utilization of open auction formats may be that they … and in the potential activation of behavioral biases: (i) the ascending Vickrey auction, a closed format; and two open … formats, (ii) the Japanese-English auction and (iii) the Oral Outcry auction. Even though bidders react to information …

. The effects of an auction depend on what the bidders compete. With a bid auction, the bidders compete on how much money … they transfer to the government. This auction leads to the same outcome as the unregulated game (for a given market … structure), since this gives the maximum profit to transfer. An auction on the capacity of a facility leads to an even lower …

We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we … confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation … between emotions andbidding behavior in a second auction series. Our main results are: (i) the economic shock has asubstantial …

market at low prices. At the same time, they allow for preemptive bidding by incumbent bidders in a coordinated attempt to … as equilibrium phenomena of the ascending auction. In a series of experiments, we compare its performance to that of the … discriminatory auction. Strategic demand reduction is quite prevalent in the ascending auction even when entry by the newcomer …

bidders, the expected revenue and the optimal bid function in a first price auction result in complicated expressions, except …

. The effects of an auction depend on what the bidders compete. With a transfer auction, the bidders compete on how much … money they transfer to the government. This auction leads to the same outcome as the game without an auction (for a given … market structure), since this gives the maximum profit to transfer. An auction on the capacity of a facility leads to an even …

account, CCAs provide bidders with significant gaming possibilities, resulting in high auction prices and problems associated …