We present results of several experiments that deal with endogenous entry in auctions and auction valuation. One … potential gains from auctions. Even after they are given some experience with particular auctions, the uncertainty inherent in … the auctions (the probability of winning as well as the potential gains from winning) makes it difficult for subjects to …

Reverse auctions are fast becoming the standard for many procurement activities. In the past, the majority of such … auctions have been solely price based, but increasingly attributes other than price affect the auction outcome. Specifically … commonly used for procurement in business-to-business markets, in a setting in which buyers' welfare is affected by exogenous …