This paper constructs a novel equilibrium in the chopstick auction of Szentes and Rosenthal (Games and Economic …

each round of the auction are implicitly defined (pointwise) by a system of nonlinear equations so that conditions for the … develop an econometric model thus extending the literature on structural estimation of auction models Finally an empirical … example illustrates how equilibrium learning affects bidding during the course of the auction. …

-price auction. Our experiments replicate the earlier finding of overbidding in the second-price auction, but we find that average … bids equal value in the externality-robust auction. Our data also reveal that both auctions produce the same level of …

externality-robust implementation. In particular, we derive the externality-robust counterpart of the second-price auction. Our … experiments replicate the earlier finding of overbidding in the second-price auction, but we find that average bids equal value in … the externality-robust auction. Our data also reveal that both auctions produce the same level of efficiency, suggesting …

as an explanation. If spite extends to the seller, then the absence of human sellers who receive the auction revenue may …

) on equilibrium prices, allocative efficiency and bidding behavior in a (supply-side) uniform-price multi-unit auction …

than the Double Auction. …