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A strategy-proof mechanism should be announced to be strategy-proof : an experiment for the Vickrey auction

Masuda, Takehito; Sakai, Toyataka; Serizawa, Shigehiro; … - 2019

We conduct laboratory experiments for the Vickrey auction with and without an announcement on strategy-proofness to … the announcement. Moreover, by conducting experiments for the pay-your-bid auction, which is not strategy-proof, with and …

Persistent link: https://www.econbiz.de/10012024698

A conic approach to the implementation of reduced-form allocation rules

Lang, Xu; Yang, Zaifu - 2019 - This version: 26 August 2019

Persistent link: https://www.econbiz.de/10012199170

Strictly strategy-proof auctions

Escudé, Matteo; Sinander, Ludvig - In: Mathematical social sciences 107 (2020), pp. 13-16

Persistent link: https://www.econbiz.de/10012434261

A small volume reduction that melts down the market : auctions with endogenous rationing

Ehrhart, Karl-Martin; Hanke, Ann-Katrin; Ott, Marion - 2020

Auctions with endogenous rationing have been introduced to stimulate competition. Such (procurement) auctions reduce the volume put out to tender when competition is low. This paper finds a strong negative effect of endogenous rationing on participation when bid-preparation is costly,...

Persistent link: https://www.econbiz.de/10012195628

Auction Theory : Introductory Exercises with Answer Keys

Choi, Pak-Sing; Munoz-Garcia, Felix - 2021 - 1st ed. 2021.

This textbook provides a short introduction to auction theory through exercises with detailed answer keys. Focusing on … practical examples, this textbook offers over 80 exercises that predict bidders’ equilibrium behaviour in different auction … formats, along with the seller’s strategic incentives to organize one auction format over the other. The book emphasizes game …