place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides … one potential buyer about the price of the good. If the negotiation fails to produce a sale, a second 'price sealed' bid … auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take …

cash and stock used to finance the takeover (the method of payment). Within this framework, we analyze the effect of the …

made in takeover negotiations where the outside option is the outcome of an open auction. Empirical findings include the … decisions involved in any corporate takeover attempt: (1) deal initiation, (2) pre-offer toehold acquisition, (3) offer price … strategic decisions. While largely descriptive of tender offers for control, the auction framework also helps explain choices …

trade at a fixed price before an auction. In the "Buy-It-Now" format, the seller offers a price prior to the auction …

In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature …

increasingly used today. We develop a reverse auction which accounts for particularities of intermittent renewable energy sources … auctions. We analyze incentives for bidders to manipulate the auction outcome and adapt the design to prevent this behavior …

auction. We analyse experimentally how eBay sellers set BIN prices and whether they benefit from offering them. Using the real … eBay environment in the laboratory, we find that the eBay auction format supports deviations from truthful bidding leading … to auction prices substantially below those expected in second-price auctions. Our results reveal that the observed price …

large number of applications, especially in auction theory, affiliation has limitations that are important to be aware of …

of a multi-object auction. After the auction either all bids or only the prices to be paid are revealed to all firms … bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …

trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows … sellers to post prices at which buyers can purchase a good prior to the auction. Even though, buyer behavior is well studied … auction market (the eBay platform and eBay traders) with the techniques of lab experiments. We find a striking link between …