compare this mechanism with two well-known alternative allocation mechanisms, free and costly allocation of permits at the … theoretical predictions, firms over-report their maximal emissions under free allocation of permits and under-report these under … costly allocation of permits. Under Montero's mechanism, by contrast, firms almost always report their maximal emissions …

perform better than the Vickrey auction. The proportions of efficient allocations are similar in both types of auctions, but …-selecting auction. We trace the causes of the performance differences back to patterns in bids. The core-selecting auctions provide …. In the experiment, bidders react in the predicted direction to these incentives, though less pronouncedly than predicted. …

experiment, we compare four different second-price auction formats for procuring a good. The four formats are a sealed … procurement auction formats can take advantage of bidders' willingness-to-pay-willingness-to-accept disparity. In a laboratory …-bid auction and three di erent descending-clock auctions. We assume that a bidder's willingness-to-accept exceeds his willingness …

compare this mechanism with two well-known alternative allocation mechanisms, grandfathering and pure auctioning. We conducted … 27 treatments with a total of 623 participants, controlling for the allocation mechanism, the number of firms, and the …

Operators of online auction venues, such as eBay, face competing demands. Most of those operators are reliant on income … auction will tend to lower their transaction costs (the costs of engaging in the transaction itself) and may enable the … auction website to generate network effects which increase its market share. This article examines the decisions resolving two …

-price auction ; Experiment ; Abnormally low tender ; Endogenous minimum price … first-price auction which do not have any minimum price. We find that winning prices of this new institution (i) coincide … with the ones of the standard first-price auction and are close to the production cost under our identical cost condition …

A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats … configurations and is statistically significant in most treatments. Revenue capture tends to be similar across auction formats in …

English premium auction (EPA) for different risk attitudes of bidders. We explicitly derive the symmetric equilibrium for … bidders with CARA utilities and conduct an experimental study to test the theoretical predictions. In our experiment, subjects … experiment is lower than in the symmetric equilibrium. …