Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the …

Many auctions are followed by a resale market which occurs when the winner of the auction resells the item won to one …

Many auctions are followed by a resale market which occurs when the winner of the auction resells the item won to one …

The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of … likely to affect the bidding behavior in first-price (but not second-price) auctions. We test experimentally a setup in which … collusion in first-price and second-price auctions. Furthermore, failed collusion attempts distort the bidding behavior in the …

If a government auctions the right to market a good, continuity is likely to be of significant importance. In a … laboratory experiment, we compare the effects of bidders' limited liability in the first-price sealed-bid auction and the English …

activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while … effects, the latter has the upper hand; average bids decrease monotonically over the consecutive auctions. Since repetition …

confirm these hypotheses in the experiment. …