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 …

monitor the time taken to complete each experiment. The path paper is shown in Figure 1. This statistical analysis is … completed by computer programs, SAS. Findings – This study presented an experiment in which subjects drew a line on a path while … trained for a sufficient period of time; however, this consideration does exist in the present experiment. Practical …

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 …

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

mobile phones by a commercial service called Reuters Market Light (RML). We conduct a controlled randomized experiment in 100 …

Purpose We estimate the marginal cost curve of each dealer in each auction, based on structural models of the multiunit … discriminatory-price auction. Design/methodology/approach Auction theory has ambiguous implications regarding the relative … performance of these three auction formats using bid-level data of the Federal Reserve’s purchase auctions of agency MBS from June …

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 …