This paper proposes a framework for demand estimation with data on bids, bidders' identities, and auction covariates … dynamic auction model with IPV and private bidding costs it follows that if participation is optimal the bidder searches with … a reservation bid for low-price auctions. Extending results from the empirical auction literature and employing a …

We study when equilibrium prices can aggregate information in an auction market with a large population of traders. Our …

We study the relative performance of the first-price sealed-bid auction, the second-price sealed-bid auction, and the … all-pay sealed-bid auction in a laboratory experiment where bidders can signal information through their bidding behaviour …-bid auction in which the bidders’ payments are revealed outperforms the other mechanisms in terms of revenue, while this mechanism …

We conducted laboratory experiments for the multi-unit Vickrey auction with and without advice to subjects on strategy … received advice. By conducting similar experiments for the pay-your-bid auction, which is not strategy-proof, we confirm that …-called experimenter demand effect. Moreover, providing advice improves efficiency in the Vickrey auction, particularly in the early …

auction. We analyse experimentally how eBay sellers set BIN prices and whether they benefit from offering them. Using the real … eBay environment in the laboratory, we find that the eBay auction format supports deviations from truthful bidding leading … to auction prices substantially below those expected in second-price auctions. Our results reveal that the observed price …

services per year, we leverage our characterization of the optimal mechanism to study the design of first-price-auction …

We study a symmetric private value auction with signaling, in which the auction outcome is used by an outside observer … exists in the second-price auction and the English auction. We establish there is no equivalence between these two auction … clock, affects signaling incentives differently in both auction formats, and thereby also the bidders’ incentives to overbid …

does not effect their price decisions. Compared to an eBay auction without a BIN-price, the BIN-auction is more efficient …

strategies. We derive the class of optimal mechanisms and show that it has a deferred acceptance auction representation. This … feature guarantees an implementation with a descending clock auction. Only in the case of symmetric projects do price clocks …

settings in which the class of optimal mechanisms has a deferred acceptance auction representation which allows an … implementation with a descending-clock auction. Only in the case of symmetric projects do price clocks descend synchronously such …