. 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 …

formation efficiency in this setup to see how fast prices become informative about the final auction value. We find that prices … from their competitors' bidding behavior and validates the choice of the agency to implement the auction in the present …

The importance of information transmission and learning is studied in a model of a sequential auction in which bidders … have independent private values. In the course of the auction information about the bidders' values becomes available, as … bidders anticipate the generation of information and take this into account in the first auction. The equilibrium in this …

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

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 …

We examine auction design in a context where symmetrically informed buyers and sellers of a good with a common but … number of bidders participate, the sellers tend to employ a first-price auction even though it generates a lower average … revenue than a second-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 …

formation efficiency in this setup to see how fast prices become informative about the final auction value. We find that prices … from their competitors' bidding behaviour and validates the choice of the agency to implement the auction in the present …

markets in silico, using electricity markets and on-line double auctions as illustrations. A monopoly sealed-bid auction is … examined in the tenth paper, and a new auction mechanism is evolved and analyzed. The chapter concludes that, as modeling the …