In eBay s Buy-it-Now auctions sellers can post prices at which buyers can purchase a good prior to an auction. We study … predictions of a model by combining the real auction environment (eBay auction platform and eBay traders) with the techniques of … lab experiments. We observe that the eBay auction format supports deviations from truthful bidding leading to auction …

issued debt. We use structural estimates of bidders private values to examine the effect of increased competition on auction … revenue. We compare bidder surplus before and after the auction. We find a small effect on the the surplus earned by bidders …

an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In …

point due to updated information about others' values (i.e., the own winning probability) during the course of the auction …, and make optimal binary decisions at each price (approve or quit in the English auction and wait or bid in the Dutch … auction). First, we solve for personal equilibrium profiles, i.e., profiles of bids that contain for each bidder a bidding …

developed an auction mechanism with a payment rule that internalizes the adverse selection by inducing a simple strategy …-regret minimal payment rule results in more WC than the English auction. Yet, a less efficient but more intuitive payment rule … performance of the English auction. …