The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of … likely to affect the bidding behavior in first-price (but not second-price) auctions. We test experimentally a setup in which … collusion in first-price and second-price auctions. Furthermore, failed collusion attempts distort the bidding behavior in the …

auctions, auction theory predicts bid distributions in Bayesian Nash equilibrium does not convey any information about bidders … risk averse. We show bidders' expected profits from entry into auctions is nonparametrically recoverable, if a researcher …

Bidders' risk attitudes have key implications for choices of revenue-maximizing auction formats. In ascending auctions … transaction prices and participation decisions in ascending auctions with entry costs. Nonparametric tests are proposed for two … of risk attitudes in a more general model of ascending auctions with selective entry, where bidders receive entry …

The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of … likely to affect the bidding behavior in first-price (but not second-price) auctions. We test experimentally a setup in which … collusion in first-price and second-price auctions. Furthermore, failed collusion attempts distort the bidding behavior in the …

Electronic commerce has grown extraordinarily over the years, with online auctions being extremely successful forms of … trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows … in Buy-It-Now auctions, as to this point little is known about how sellers set Buy-It-Now prices. We investigate into …

Auctions are generally not efficient when the object's expected value depends on private and common value information …

) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a …. The model also predicts different bidding behavior in second price as compared to ascending-bid auctions. The paper also …

We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary … profits in the auctions except for a small positive response of the stress hormone cortisol in males. …

bidding behavior in (online) proxy-auctions with independent private valuations. We show that temporary buy-options may reduce …

We study first- and second-price private value auctions with sequential bidding where second movers may discover the … usual revenue dominance of first-price over second-price auctions. With a high probability of a leak, second-price auctions …