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

discriminatory auction. Strategic demand reduction is quite prevalent in the ascending auction even when entry by the newcomer …Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the … exclude entrants from the market. We consider an environment where both demand reduction and preemptive bidding are supported …

discriminatory auction. Strategic demand reduction is quite prevalent in the ascending auction even when entry by the newcomer …Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the … exclude entrants from the market. We consider an environment where both demand reduction and preemptive bidding are supported …

We study experimental multi-unit uniform and discriminatory auctions with demand uncertainty, motivated by the ongoing … debate about market design in the electricity industry. We study the effect of asymmetric demand-information in the two … auction institutions. In our treatment condition some sellers have less information than in our baseline conditions. In both …