In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we scan …

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values and 400 …

more quickly increases one's WTP in an auction. Evidence from five experiments demonstrates this effect and pinpoints the … bidding behavior (1) is serially mediated by the perception that the auction is more intensely competitive and by a greater … desire to win, (2) is distinct from the effects of time pressure and of the auction's duration or overall rate of progression …

electricity demand, to meet supply adequacy problems. In this paper, we analyze what it requires to have a competitive auction …, even if they have lots of bidders but with low power-generating capacity for contracting. For practical auction design, we … found that encouraging more bidders' entry in the auction results in lower expected prices than increasing existing bidders …

monopolistic seller, duopolistic sellers do not both offer an unrestricted VCG mechanism, i.e., a combinatorial auction. Rather …

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we scan …

English auction model determines the estimating structural equations. When units are complements, one bidder wins all units by …

examine the effect of increased competition on auction performance: We find that increased competition reduced bidder surplus … aggressive bidding. Counterfactuals establish that as competition increases, concerns regarding auction format play a smaller …