more likely to win the auction when teams bid. -- UMTS auction ; team decision-making ; experiment ; winner's curse …We examine bidding behaviour of individuals and teams in an experimental auction resembling UMTS-license auctions. Even … relied on individual bidders. Our results show that teams stay on average longer in an (ascending sealed-bid English) auction …

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 …

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we scan …

We analyze pre and post-task confidence in an experiment in which subjects bid in multi-unit common value auctions … performance. Although the change in pre-experiment confidence from session one to session two is close to zero, the dispersion in … with neutral or low confidence. Subjects with high initial confidence also base their perception of post-experiment …

describes the data. Second, we test the auction design of the electricity markets experimentally. The current auction design is … a static bidding framework. We find that if the auction were to operate under a sequential bidding auction, all market …

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 different descending-clock auctions. We assume that a bidder's willingness-to-accept exceeds his willingness …

We study the relative performance of the first-price sealed-bid auction and the second-price sealed-bid auction in a … laboratory experiment where bidders can signal information through their bidding behavior to an outside observer. We consider two … winner's payment to an outside observer. We find that the first-price sealed-bid auction in which the winner's payment is …

We study the relative performance of the first-price sealed-bid auction and the second-price sealed-bid auction in a … laboratory experiment where bidders can signal information through their bidding behavior to an outside observer. We consider two … winner's payment to an outside observer. We find that the first-price sealed-bid auction in which the winner's payment is …

We study the relative performance of the first‐price sealed‐bid auction and the second-price sealed‐bid auction in a … laboratory experiment where bidders can signal information through their bidding behaviour to an outside observer. We consider … reveals the winner’s payment to an outside observer. We find that the first‐price sealed‐bid auction in which the winner …

that (1) No equilibrium of the Shanghai auction can guarantee an efficient allocation, (2) the Singapore auction allocates … car license auction, many car licenses are sold but each participant can only bid for one license. We examine the … theoretical properties of three auction formats: Shanghai auction, Guangzhou auction, and Singapore auction. Our main results are …