and services. Experimental auctions are a promising method for acquiring such information considering that they are … conduct these with a representative sample. While most research on experimental auctions relies on laboratory experiments with … students as participants, more recently, experimental auctions in the field have become increasingly important. In this paper …

comparable revenues toward the end of a series of auctions. However, aggressive bidding behavior in initial discriminatory … auctions yields higher revenues than in other auction formats, a difference that disappears as bidders learn to adjust their …

We analyze the implications of different pricing rules in discrete clock auctions. The two most common pricing rules … market; under LAB, the winners pay the highest price that clears the market. Both the HRB and LAB auctions maximize revenues …

We experimentally analyze first and second price auctions where one bidder can achieve a comparative advantage by … investment prior to the auction. We find that, as predicted by theory, bidders invest more often prior to second price auctions … than prior to first price auctions. In both auction formats bidding is more aggressive than the equilibrium prediction …

We develop and experimentally test a model of endogenous entry, exit, and bidding in common value auctions. The model …

' behavior in auctions. We also highlight specific research streams that could contribute towards enriching existing economic …