for the design of charity auctions, art auctions, and spectrum auctions. …

of charity auctions, art auctions, and spectrum auctions. …

for the design of charity auctions, art auctions, and spectrum auctions. …

We experimentally study auctions versus grandfathering in the initial assignment of pollution permits that can be …, the majority of permits are won by low emitters, reducing the need for spot-market trading. Auctions generate higher … consumer surplus and slightly lower product prices in the laboratory markets. Moreover, auctions eliminate the large “windfall …

This paper proposes a methodology to implement probabilistic belief elicitation in continuous-choice games … beyond discrete-choice games to continuous-choice games, the proposed methodology enables to investigate the role of beliefs …

Environmental markets have several institutional features that provide a new context for the use of auctions and which … discriminatory price sealed bid auctions and an ascending clock auction. We test the ability of subjects to tacitly or explicitly … collude in order to maximize profits. Our main result is that the discriminatory and uniform price auctions produce greater …

equilibrium under fictitious play like learning processes. We use two 4 x 4 games each with a unique mixed Nash equilibrium; one … is stable and one is unstable under learning. Both games are versions of Rock-Paper-Scissors with the addition of a … fourth strategy, Dumb. Nash equilibrium places a weight of 1/2 on Dumb in both games, but the TASP places no weight on Dumb …

strategy, Dumb. The unique Nash equilibrium places a weight of 1/2 on Dumb in both games, but in one game the NE is stable …