-dependent preferences. -- Repeated markets ; Economic principles ; Anomalies ; Experiment ; Social interactions …

compared to any single-stage auction. Finally we derive the optimal efficient two-stage mechanism. …

degree of complexity by offering various levels of decision support. Our results show that the equivalence of the two auction …

traded item. We implement a repeated Vickrey median price selling auction of an unusual bad where players are informed on the … questionnaire at the end of the auction. We find that extreme information has a stronger influence on players' evaluations than the …

point due to updated information about others' values (i.e., the own winning probability) during the course of the auction …, and make optimal binary decisions at each price (approve or quit in the English auction and wait or bid in the Dutch … auction). First, we solve for personal equilibrium profiles, i.e., profiles of bids that contain for each bidder a bidding …

In an auction with a buy price, the seller provides bidders with an option to end the auction early by accepting a … transaction at a posted price. This paper develops a model of an auction with a buy price in which bidders use the auction … to augment her auction with a buy price and demonstrates that the seller sets a higher reserve price when she can affect …