Information Technology (IT) has spawned the growth of novel and innovative market mechanisms (such as online auctions … the economic properties of the mechanism but also its user perceptions. Furthermore, unlike in single-item auctions, in … combinatorial auctions bidders are able to generate greater surplus with more transparency of the mechanism. Based on our results …

auctioneer's revenue in combinatorial auctions, focusing on combinatorial auctions, we propose a simple and efficient model for …

and thus, price discovery. These rules find application in the design of iterative combinatorial auctions for real world … scenarios, for example in spectrum auctions, in airline landing slot auctions, and in procurement auctions. We introduce the … be rationalized in this way. We design such a rule for auctions with budget-constrained bidders, i.e., bidders with …

This book develops a structured methodology that allows to systematically analyze emotions in auctions. It provides a … unified framework for emotional bidding in auctions, which comprises the bidders' processes of cognitive reasoning and … Dutch auctions. …

We analyze a model of Internet auctions. Sellers each offer one item of a heterogeneous good to bidders who have unit …-demand preferences. Items are sold in second-price proxy auctions. We derive a perfect Bayesian (epsilon-) equilibrium. Our experimental …