We develop a network-flow approach for characterizing interim-allocation rules that can be implemented by ex post …

We conduct laboratory experiments for the Vickrey auction with and without an announcement on strategy-proofness to … the announcement. Moreover, by conducting experiments for the pay-your-bid auction, which is not strategy-proof, with and …

; and rst-price, second-price, and all-pay auctions. Second, we establish revenue equivalence of these auction mechanisms in … auctions. Finally, we identify an optimal mechanism and its implementation by means of reserve prices in lottery and auction …

. Finally, frameworks for auction-based and posted price request-exchange mechanisms are presented. All mechanisms are tested …

of the higher type. We then study an auction platform that matches each seller to two agents, and show that the optimal …

strategic decisions. While largely descriptive of tender offers for control, the auction framework also helps explain choices … made in takeover negotiations where the outside option is the outcome of an open auction. Empirical findings include the … public bid deters further competition. When rival bidder do enter the auction, they do so surprisingly quickly - within two …

We investigate the effect of overreaction in the fine art market. Using a unique sample of auction prices of modern …) auction pricing estimate. Based on the overreaction hypothesis, we predict that overvalued (undervalued) prints generate a …