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 compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement … an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In …

So far no general exclusive frequency licenses have been granted in Poland through an auction. In the Regulatory … Strategy until 2015, President of the Office of Electronic Commu-nications pointed to auction as a method of choosing companies … which will be granted fre-quency licenses from 800 MHz band (so called digital dividend). The auction has been sched-uled to …

So far no general exclusive frequency licenses have been granted in Poland through an auction. In the Regulatory … Strategy until 2015, the President of the Office of Electronic Communications pointed to auction as a method of choosing … companies which will be granted frequency licenses from 800 MHz band (so called digital dividend). Initially, the auction has …

values in single-unit English and Dutch clock auctions. Bidders' reference points are endogenous and determined by their … 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 …

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 …