The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of … likely to affect the bidding behavior in first-price (but not second-price) auctions. We test experimentally a setup in which … collusion in first-price and second-price auctions. Furthermore, failed collusion attempts distort the bidding behavior in the …

Public agencies mainly rely on two modes to procure goods and services: auctions and direct negotiations. We study a … 1994 policy change in Germany that introduced the possibility to procure rail services in auctions as well as in direct …, auctions improve service levels and reduce prices. As a result, surplus on auctioned lines increased by about 30 …

We address the issue of bidder ring formation in single and multi-unit Vickrey auctions. We address this issue in a …

We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary … profits in the auctions except for a small positive response of the stress hormone cortisol in males. …

Public agencies rely on two key modes to procure goods and services: auctions and direct negotiations. The relative … passenger railway services in Germany, where regional agencies can use auctions and negotiations to procure regional passenger … auctions. This analysis suggests accounting for the endogeneity of the choice of procurement mode by estimating the mode of …

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values and 400 …

We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary …