In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we … ; menstrual cycle ; gender ; likelihood of conception ; first price auction ; risk behavior ; competition ; bidding …

signals, and make purchase decisions that are biased towards their initial choices. Using an incentive compatible auction …

aggregate dispersed information. Another reason behind the frequent utilization of open auction formats may be that they … activate revenue enhancing biases. In an experiment, we compare three auctions that differ in how much information is revealed … and in the potential activation of behavioral biases: (i) the ascending Vickrey auction, a closed format; and two open …

. -- imperfect recall ; absentmindedness ; dynamic inconsistency ; experiment …

This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland … to import some keyingredients of the auction design employed in Germany and Austria. This would have assured higher …

The Combinatorial Clock Auction is a two-stage auction format, which has been used to sell spectrum licenses worldwide …, then the auction is fully efficient. Unfortunately, bidders might neither bid straightforward in the clock phase nor … field in the British 4G auction in 2013 and the Canadian 700 MHz auction in 2014, where the bids were made public. The data …

Canadian auction. The auction format is known as Combinatorial Clock. Its design seeks to induce truthful bidding, that is, a … auction is an innovative auction design which aims to overcome some of the problems evidenced in the application of the … Simultaneous Ascending auction, a format that has been widely popular for assigning radio spectrum to commercial providers of …

as auction mechanisms are being explored in more depth. The typical data utilized in such studies involves repeated … measures of auction outcomes, where the variable of interest involves order statistics from the sample of bids from many bids … auctions for a relatively homogeneous good, computer monitors sold on eBay. We discuss how outcomes of the auction mechanism …

We model a spectrum auction where firms purchase units to participate in a constrained, multi-product, downstream … market. We use dynamic programming techniques to numerically solve for the optimal bidding strategy in a clock auction. Firms … cost firms may hold up the market, so the auction may be inefficient and generate zero revenue. An auction may be optimal …