in first-price auctions. We investigate how the amount of underbidding depends on seemingly innocent parameters of the … experimental setup. To structure our data we present and test a theory of constant markdown bids. While a fraction of bidders can …

such procurement is an English auction followed by an auctioneer’s option to engage in ultimatum bargaining with the … winner. We study behavior and performance in this procurement format using a laboratory experiment. Sellers closely follow … the equilibrium strategy of exiting the auction at their costs and then accepting strictly profitable offers. Buyers …

, afterwards, subjects take part in a second price auction for the right to (physically) carry out the act of payoff reduction …In a punishment experiment, we separate the demand for punishment in general from the demand to conduct punishment …

such procurement is an English auction followed by an auctioneer's option to engage in ultimatum bargaining with the winner …. We study behavior and performance in this procurement format using a laboratory experiment. Sellers closely follow the … equilibrium strategy of exiting the auction at their costs and then accepting strictly profitable offers. Buyers generally …

such procurement is an English auction followed by an auctioneer's option to engage in ultimatum bargaining with the winner …. We study behavior and performance in this procurement format using a laboratory experiment. Sellers closely follow the … equilibrium strategy of exiting the auction at their costs and then accepting strictly profitable offers. Buyers generally …

In theory, efficiency and compliance levels induced by an emission trading system should not depend on the initial … allocation mechanism for permits in the absence of transaction costs. In a laboratory experiment we investigate this prediction …. While we do not identify an effect of the initial allocation procedure itself (auction vs. grandfathering), we observe …

men do in the first-price auction, while we find no evidence of a gender difference in bidding or earnings in the second-price … auction. Focusing on the first-price auction, we find that, while the gender gap in bidding and earnings persists over the …We investigate gender differences and menstrual cycle effects in first-price and second-price sealed-bid auctions with …

elicitation methods and price rules - in terms of their allocation efficiency, distributional effects, and regularities in … diminishes efficiency. One particular allocation mechanism, relying on sparse information elicitation and the first-price rule …, is found to yield economically superior results to both more complex and second-price based allocation mechanisms. …