build a credible counterfactual that approximates the behavior of the asset if the auction had not taken place. The main … results indicate that the volatility auction mitigates the volatility of the asset, but its effect on liquidity and trading …

Recently, Internet auction sites have begun to compete in emotions by advertising the fun and excitement that bidders … may experience during auction participation. The implicit conjecture inherent in these advertisements is that consumers … derive a hedonic value from auction participation that makes exciting auctions more attractive and possibly induces bidders …

trade at a fixed price before an auction. In the "Buy-It-Now" format, the seller offers a price prior to the auction …

We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we … confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation … between emotions andbidding behavior in a second auction series. Our main results are: (i) the economic shock has asubstantial …

their auction end at the evening, when many potential buyers may be online. …