In an auction market, the auctioneer exerts significant influence in choosing and administering a selling strategy. We … with that of individual sellers. Using a unique data set, from tea auctions in Chittagong, Bangladesh, we argue that an … affected by how much discretion the auctioneer has in choosing the selling strategy. Specifically, we find that raising the …

We report on a series of experiments that examine bidding behavior in first-price sealed bid auctions with symmetric …