such products and pay a premium for them when shopping. We provide new evidence on consumer behavior from an experiment …

auction framework. This game induces subjects to fall prey into the paradigm of escalation, which is driven by agents …

have a fixed end time. A natural experiment is available because the auctions on Amazon, while operating under otherwise … passed without a bid. The strategic differences in the auction rules are reflected in the auction data by significantly more … about ending the auction playing an important role …

describes the data. Second, we test the auction design of the electricity markets experimentally. The current auction design is … a static bidding framework. We find that if the auction were to operate under a sequential bidding auction, all market …

experiment, we compare four different second-price auction formats for procuring a good. The four formats are a sealed … procurement auction formats can take advantage of bidders' willingness- to-pay-willingness-to-accept disparity. In a laboratory …-bid auction and three different descending-clock auctions. We assume that a bidder's willingness-to-accept exceeds his willingness …

prevent an opponent from learning private information. This paper reports a laboratory experiment that investigates if actual … bidders account for this trade-off, using a sequential procurement auction with private cost information and varying …

' prior experiences predict their willingness to try a relatively new experience again. The penny auction setting allows us to …

We study the relative performance of the first-price sealed-bid auction and the second-price sealed-bid auction in a … laboratory experiment where bidders can signal information through their bidding behavior to an outside observer. We consider two … winner's payment to an outside observer. We find that the first-price sealed-bid auction in which the winner's payment is …

We study the relative performance of the first-price sealed-bid auction and the second-price sealed-bid auction in a … laboratory experiment where bidders can signal information through their bidding behavior to an outside observer. We consider two … winner's payment to an outside observer. We find that the first-price sealed-bid auction in which the winner's payment is …

understanding the design of these liquidation auctions, the research site allowed us to conduct a field experiment on their auction … their effectiveness. We report on a unique opportunity for a field experiment that was conducted through the co-operation of … platform for different categories of iPad tablets. By manipulating auction starting prices, we are able to provide insight into …