Internet auctions have recently gained widespread popularity and are one of the most successful forms of electronic … behavior and that bidding activity is concentrated at the end of the auction. We then develop new econometric techniques to … find that for a representative auction in our sample, a bidder's expected profits fall by 3.2 percent when the expected …

Internet auctions have recently gained widespread popularity and are one of the most successful forms of electronic …

Internet auctions attract numerous agents, but only a few become active bidders. A major difficulty in the structural … analysis of internet auctions is that the number of potential bidders is unknown. Under the independent private value paradigm …

We present results of several experiments that deal with endogenous entry in auctions and auction valuation. One … compare different auction mechanisms. This highlights the need for new experimental procedures to be used for testing theories … that involve endogenous auction entry in the laboratory …

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 …

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