We provide evidence that culture is a source of pricing bias. In a sample of 1.9 million auction transactions in 49 …

authority has a reservation price and decides to either reveal or hide it before the auction takes place. We find that when the … private reservation price scheme. Moreover, we show that‚ auction results in less slots being traded than would have been …This paper studies uniform-price auctions for multiple units of airport slots in which the airlines purchase slots for …

random quality. Innovation quality is not contractible. We compare two procurement mechanisms -- a fixed prize and a first-price … auction. Before the contest, a fixed number of innovators is selected in an entry auction, in order to address the adverse …

In second price internet auctions with a fixed end time, such as those on eBay, many bidders snipe , i.e., they submit … their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … second price internet auctions, in which very late bids have a positive probability of not being successfully submitted, and …

In second price internet auctions with a fixed end time, such as those on eBay, many bidders "snipe", i.e., they submit … their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … second price internet auctions, in which very late bids have a positive probability of not being successfully submitted, and …

mechanisms and other market mechanisms involving auction procedures. Among the various auction mechanisms, scoring auctions and … our previous work, we explore and extend the application of the PAUSE auction mechanism with bidding based on a score … quality of the service provided. We study the application of this auction mechanism, in a gradual fashion, to the three …

Public sales art catalogues include low and high pre-sale price estimates by experts. This makes it possible to analyze …

Many financial assets, especially government bonds, are issued by an auction. An important feature of the design is the … auction pricing mechanism: Uniform vs. Discriminatory. Theoretical papers do not provide a definite answer regarding the … dominance of one type of auction over the other. We investigate the revealed preferences of the issuers by surveying the …