services per year, we leverage our characterization of the optimal mechanism to study the design of first-price-auction …

We conducted laboratory experiments for the multi-unit Vickrey auction with and without advice to subjects on strategy … received advice. By conducting similar experiments for the pay-your-bid auction, which is not strategy-proof, we confirm that …-called experimenter demand effect. Moreover, providing advice improves efficiency in the Vickrey auction, particularly in the early …

volatility, I conclude that after-auction periods take over a large share of infrequent rebalancing, being attractive for a … infrequent rebalancing after the daytime auctions. Finally, I show that post-auction returns predict returns before the US market …

We conduct laboratory experiments for the Vickrey auction with and without an announcement on strategy-proofness to … the announcement. Moreover, by conducting experiments for the pay-your-bid auction, which is not strategy-proof, with and …