question of the value added of letting the sourcing process consist of both an auction and a negotiation stage, theoretically … and in a laboratory experiment. Our theoretical results suggest that in a setting where the buyer and the suppliers have … auction is beneficial to the buyer compared to no communication and ex-ante communication. In a setting where the buyer and …

In auctions with externalities, it is well-known that the core can be empty, which is undesirable both in terms of … stability and fairness. Nevertheless, some auction outcome must be chosen. We separate deviations into two types: deviations by …

, deals with bidders' anticipated regrets from winning and from losing the auction. It exploits the stochastic properties of … the auction format and rationalizes: (i) Nash equilibrium bidding, (ii) (non-)monotone overbidding and (iii) fully cursed …

coordination problem. In the efficient allocation, both networks are active and the firm with the highest expected quality has the … largest market share. To characterize the equilibrium allocation, we derive necessary and sufficient conditions for uniqueness … of the equilibrium of the coordination game played by consumers for given prices. The equilibrium allocation differs from …

the natural resources, since the agents recognize that the exploitation not only creates negative externalities for their … experiment in four farming communities located in the Bolivian Department of Chuquisaca during the third quarter of 2019. We … intergenerational link is evident. Our intergenerational field experiment includes four treatments based on the replacement rate of the …

experiment, the stock available to each generation depends on the extent of exploitation by previous generations and on resource …

allocation rules (first vs. second price auction vs. fair division game). The data analysis of the sealed-bid, private value …