We conducted laboratory experiments for the multi-unit Vickrey auction with and without advice to subjects on strategy … received advice. By conducting similar experiments for the pay-your-bid auction, which is not strategy-proof, we confirm that …-called experimenter demand effect. Moreover, providing advice improves efficiency in the Vickrey auction, particularly in the early …

We conduct laboratory experiments for the Vickrey auction with and without an announcement on strategy-proofness to … the announcement. Moreover, by conducting experiments for the pay-your-bid auction, which is not strategy-proof, with and …

This study explores two key factors influencing subjects' deviation from domi- nant bidding in Vickrey auction … analyze the effect of understanding SP, we quiz subjects before an experimental Vickrey auction and examine whether their … Vickrey auction experiments is not human interaction but a lack of understanding of SP. …

auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …

. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction format in which …

’ bid. Equilibrium behavior in the first-price auction is mostly unaffected but there are multiple equilibria in the second …- price auction. Consequently, comparative statics across price rules are equivocal. Experimentally, leaks in the first- price … auction favor second movers but harm first movers and sellers, as theoretically predicted. Low to medium leak probabilities …

cognitive skills. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction …

In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature …

empirically, about the properties of charity auctions. The small theoretical literature suggests that the all-pay auction should … by the first price auction. Our design also allows us to identify differential participation as the source of the …

trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows … sellers to post prices at which buyers can purchase a good prior to the auction. Even though, buyer behavior is well studied … auction market (the eBay platform and eBay traders) with the techniques of lab experiments. We find a striking link between …