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We conduct laboratory experiments for the Vickrey auction with and without an announcement on strategy-proofness to subjects. Although the rate of truth-telling among the subjects stays at 20% without the announcement, it increases to 47% with the announcement. Moreover, by conducting...
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Auctions as a mechanism for allocating advertising positions for specific keywords entered by search engine users are …), efficient and satisfies the Revenue-Equivalence principle, under no externalities. Additionally, in the set of efficient, IC …
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always true, and many well-known mechanisms are simple, including ascending auctions, posted prices, and serial dictatorship …
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