’ bid. Equilibrium behavior in the first-price auction is mostly unaffected but there are multiple equilibria in the second …- price auction. Consequently, comparative statics across price rules are equivocal. Experimentally, leaks in the first- price … auction favor second movers but harm first movers and sellers, as theoretically predicted. Low to medium leak probabilities …

cognitive skills. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction …

We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction … of tax incidence in consumer economics. We argue, however, that auction markets deserve a separate treatment. Indeed we …

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction …

capita winning bid (per Mhz) values to auction design variables (license award process), national and mobile market …. The analysis reveals that most auction design variables independently impact on realized 3G spectrum auction revenue in a … manner consistent with auction theory. -- Wireless telephone markets ; 3G spectrum auctions ; spectrum bid price …

trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows … sellers to post prices at which buyers can purchase a good prior to the auction. Even though, buyer behavior is well studied … auction market (the eBay platform and eBay traders) with the techniques of lab experiments. We find a striking link between …

-cutting ; Public procurement ; First-price auction ; Experiment …

first-price auction which do not have any minimum price. We find that winning prices of this new institution (i) coincide … with the ones of the standard first-price auction and are close to the production cost under our identical cost condition …, and (ii) are higher than the ones of the standard first-price auction and diverge from the lowest production cost under …