Information Technology (IT) has spawned the growth of novel and innovative market mechanisms (such as online auctions … the economic properties of the mechanism but also its user perceptions. Furthermore, unlike in single-item auctions, in … combinatorial auctions bidders are able to generate greater surplus with more transparency of the mechanism. Based on our results …

We experimentally analyze first and second price auctions where one bidder can achieve a comparative advantage by … investment prior to the auction. We find that, as predicted by theory, bidders invest more often prior to second price auctions … than prior to first price auctions. In both auction formats bidding is more aggressive than the equilibrium prediction …

able to bid, first-price auctions could yield lower revenues to the seller than second-price auctions. The data rejected … this prediction because of an important overbidding when subjects received low values in first-price auctions. In this …

Many auctions are followed by a resale market which occurs when the winner of the auction resells the item won to one …

In auctions where bidders are uncertain of their value and are fully liable for their bids, there exists the potential …