-unit, multi-bid uniform auction, modelled as a Bayesian game of incomplete information. At the auction each firm anticipates his … as their bidding strategies and it precludes the auction from generating a cost-effective allocation of permits, as it … would occur in simpler auction models. Auctioning tends to be more cost-effective than grandfathering when the firms' costs …

question of the value added of letting the sourcing process consist of both an auction and a negotiation stage, theoretically … auction is beneficial to the buyer compared to no communication and ex-ante communication. In a setting where the buyer and …

, 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 …

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

We conduct an experiment in which we auction the scarce rights to play the Proposer and Responder positions in … fees according to the auction price sequences observed in the auction treatment. With endogenous selection into ultimatum … games via auctions, we find that play converges to a session-specific Nash equilibrium and auction prices emerge which …

) players' behavior. In addition, our experiment suggests that before participating in the auction stage in our mechanism …, players may find which strategy is best in the auction …

question of the value added of letting the sourcing process consist of both an auction and a negotiation stage, theoretically … auction is beneficial to the buyer compared to no communication and ex-ante communication. In a setting where the buyer and …

Using laboratory experiments, we compare the stability of bidding rings in the English auction and the first …-price sealed-bid auction in a heterogeneous-value setting. In both a re-matching condition and a fixed-matching condition, we … observe that biddings rings are more stable in the English auction than in the first-price sealed-bid auction. In both …

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

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