, 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 …

We analyze pre and post-task confidence in an experiment in which subjects bid in multi-unit common value auctions … performance. Although the change in pre-experiment confidence from session one to session two is close to zero, the dispersion in … with neutral or low confidence. Subjects with high initial confidence also base their perception of post-experiment …

We study the design of sequential procurement strategies that integrate stochastic and strategic information. We …

. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction format in which …

heterogeneity in the dispersion of private value components. I use the asymmetric ascending auction model of Hong and Shum (2003) to …

In this paper we consider equilibrium behavior in a Dutch (descending price) auction where the bidders are uninformed … auction. We assume that the information acquisition activity is covert. We characterize the equilibrium behavior in a setting …, the Dutch auction produces more revenue than would a first price auction …

In this paper we consider equilibrium behavior in a Dutch (descending price) auction where the bidders are uninformed … auction. We assume that the information acquisition activity is covert. We characterize the equilibrium behavior in a setting …, the Dutch auction produces more revenue than would a first price auction …

. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction format in which …

cognitive skills. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction …

mechanism when the subjects received the endowment two weeks before the experiment day. Each auction was repeated for 20 rounds … received a cash endowment two weeks after the experiment day and had to use their own money to pay the experimental loss (if … any) on the experiment day. We compared the effect of delayed payment on overbidding in the induced value SPAs with the …