. In the preparation of the auction, two designs involving each a hybrid of an English and a sealed-bid auction were … also compare the results to those with a pure English auction. Both hybrids are similar in efficiency, revenue differences … disappear as bidders get experienced. Compared to the discriminatory format, the pure English auction gives new entrants better …

; menstrual cycle ; gender ; likelihood of conception ; first price auction ; risk behavior ; competition ; bidding …

In the variable supply auction considered here, the seller decides how many costumers with unit demand to serve after … discriminatory price auction is better for the seller in this setting. Exactly as predicted by theory, it turns out that the uniform … price auction produces substantially higher bids, and consequently yields higher revenues and profits for the seller …

from individual expectations. Subjects have no information about underlying market equilibrium equations, but can learn by … stable treatment, rational expectations (RE) yield a good description of observed aggregate price fluctuations: prices remain …

In this paper, we investigate the joint influence of empirical and normative expectations on cooperative behavior. We … norms under the form of normative and empirical expectations. In a situation where individuals can decide conditionally on … regarding others' behavior, empirical and normative expectations diverge substantially. While individuals believe that …