ensuing auction, leading to loss of efficiency and eliminating the revenue dominance typically observed in firstprice auctions. …

We contribute to the literature on the optimal design of auction mechanisms for the procurement of nature conservation … activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or …

Using laboratory experiments, we compare the stability of bidding rings in the English auction and the first …-price sealed-bid auction in a heterogeneous-value setting. In both a re-matching condition and a fixed-matching condition, we … observe that biddings rings are more stable in the English auction than in the first-price sealed-bid auction. In both …

This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free …-form chat communication among firms in a laboratory experiment, we identify typical communication patterns for both explicit … cartel formation and indirect attempts to collude tacitly. We document that firms are less likely to communicate explicitly …