made non-hypothetical discrete choices between five goods. Despite the fact that the choice task and auction mechanisms are … incentive compatible, we find that auction bids were significantly lower, as much as two times lower in many cases, than … valuations implied from choices. We also find that auction data imply own-price elasticities of demand for higher quality …

. Further, we challenge the recommendation that it is profitable for eBay sellers to let their auction end in the evening, when …

price auctions, and the random nth price auction. In particular, we draw attention to the shapes of the payoff functions and …

Theorie zu erwartende Umverteilungseffekte zu Gunsten des Auktionators. Persistente Preisunterschiede zwischen Auktion und …

A family of ascending package auction models is introduced in which bidders may determine their own packages on which … to bid. In the proxy auction (revelation game) versions, the outcome is a point in the core of the exchange economy for … equilibrium and the outcome coincides with the Vickrey auction outcome. Even when goods are not substitutes, ascending proxy …

In this classroom exercise, instructors use the NCAA basketball tournament to help teach important concepts in auction … sponsorship rights to NCAA tournament teams. Each NCAA team places its sponsorship rights on the auction block. The value of these …

investigation of individual versus group decision making in a corruption experiment. We find that the group decisions, as compared …

This in-class duopoly game experiment allows students to learn about strategies and equilibria. It is appropriate for …