We conduct a laboratory experiment where groups of 4 subjects constrained to obtain at most one good each, sequentially … bid for three goods in first and second price auctions. Subjects learn at the beginning of each auction their valuation … for the good and exit the auction once they have obtained one good. We show that, contrary to equilibrium predictions …

employment office or head hunter. In a centralised descending-bid, multi-item procurement auction, workers submitwage-bids for …

In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature …

novel call auction model with insider information. Our model predicts that more insider information improves informational … of insider information the call auction performs worse than continuous double auction. Testing these hypotheses in the … lab we find that insider information increases informational efficiency of call auction prices but does not decrease the …