The unmediated call auction is a useful trading mechanism to aggregate dispersedinformation. Its ability to incorporate … auction game where both auction prices and limit prices of uninformed tradersre°ect potential insider information. The … predictions of the model are tested inthe laboratory. While an insider improves the call auction outcomes in terms ofincreasing …

The deregulation of the German energy sector changes transaction relations, trading processes and contract design. We …

verkaufen. Für die an einer Auktion teilnehmenden Bieter besteht jedoch der Anreiz, den Wettbewerb durch Absprache der Gebote …

Auction fever is a multifaceted phenomenon thatis frequently observed in both traditional and Internetauctions. In … that emotional processingis triggered at three different stages of an auction:First, the economic environment can affect a … bidder’s levelof perceived competition and thus influence the biddingstrategy prior to the auction. Second, auction events …

opportunity to win”upon losing an auction, results in higher bids. Revealing the information “money left on the table”upon winning … an auction, results in lower bids. The common explanation for this pattern is winner andloser regret. However, this … thatcombines an auction experiment with psychophysiological measures which indicate emotionalinvolvement. Our economic results are …

, and in particular Internet consumer auctions, is the hedonicor emotional value bidders derive from auction participation … important challenges, regarding both the auction mechanism design and theuser interface design. First, how can an auction system …

auction experiment,while their physiological parameters are recorded simultaneously. Parameters evaluated in this studyare the … agents tend to cognitively set a price at which theywant to end the auction, but once they reach that specific price, they …

Two auction mechanisms are studied in which players compete with one another for an exogenously determined prize by … lowest (highest) bid auction game, the winner of the prize is the player who submits the lowest (highest) bid provided that …-negative cost of entry, and an option to stay out of the auction if the entry cost is deemed too high, we propose an algorithm for …