We report the results of experiments designed to test recent theories of vertical foreclosure. Consistent with the … underemphasized in the recent foreclosure literature. Motivated by a number of observations that are difficult to reconcile with …

We report the results of experiments designed to test recent theories of vertical foreclosure. Consistent with the … underemphasized in the recent foreclosure literature. Motivated by some observations that are difficult to reconcile with existing …

We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we … confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation … between emotions andbidding behavior in a second auction series. Our main results are: (i) the economic shock has asubstantial …

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 …