Auctions often involve goods exhibiting a common knowledge ex-post risk that is independent of buyers' private values … bidding with data from the field seems almost impossible. We conduct experimental first-price auctions that allow us to …

Winning bidders in online auctions frequently fail to complete the transaction. Because enforcing bids usually is too … else equal, the availability of second-chance offers reduces amounts bid in auctions where there is a probability that a … to the idea of creating a deterrent against such behavior. Actual bidding in experimental auctions support these …

-determined procurement auctions with moral hazard in which buyers can select a bidder based on prices and all other information available … is infeasible as it is often the case in real auctions, buyers prefer bidders whose argu-ments reduce social distance …

behavior in games? I analyze auctions and distribution games. In auctions, projection implies an increased sense of competition …, which induces overbidding in all (first-price) auctions. In addition, it biases the perceived value distribution, which … induces cursed bidding in common value auctions. Thus, projection induces a hitherto neglected bias in bidding. It is novel in …

Auctions often involve goods exhibiting a common knowledge ex-post risk. Precautionary bidding predicts that under … experimental auctions that allow to identify the precautionary premium directly. We find strong evidence for precautionary bidding …

We investigate experimentally on eBay how sellers set prices in "Buy-It-Now" (BIN) auctions. We find that the eBay … format leads to prices substantially below those expected in second-price auctions. Moreover, our results reveal that the …

In eBay s Buy-it-Now auctions sellers can post prices at which buyers can purchase a good prior to an auction. We study … prices below those expected in second price auctions. Our proposed extension of the model results not only in a better fit of …