auction in how they promote the prospects of collusive arrangements. One mechanism allows bidders to coordinate by means of … unrestricted pre-play communication. The second one enables bidders to restrict their bidding range and the last one gives them the …

Bidding challenges learning theories since experiences for the same bid vary stochastically: the same choice can result … aversion affects the adaptive dynamics. We analyze the impact of loss aversion in a simple auction for different learning …

estimation of a bidder’s probability of winning, but the approach does not rely upon the bidding process following any particular …

exceeds supply for many courses, course allocation needs to be done equitably and efficiently. Many schools use bidding … laboratory studies that compare a typical course-bidding mechanism with the alternate Gale-Shapley Pareto-dominant market …

This is a brief survey of the theory of auction. We first discuss the types of agents who participate in an auction and … their respective objectives. In the next section we briefly explain the concepts of standard auction, revenue equivalence … theorem (perhaps the most cited result in auction theory, along with the result of Myerson on optimal auction), optimal …

Auction experiments are commonly used to determine consumers’ willingness to pay for various food items. While their …

ambiguities between theory and practice and elucidate the role of marketing for auction prices. The result is a conceptual … academic interest in art, understanding of auction prices is limited. Price intransparency is exacerbated by contrasting … is no comprehensive theory of auction prices that combines both perspectives. To fill this gap, the author conducts three …