more quickly increases one's WTP in an auction. Evidence from five experiments demonstrates this effect and pinpoints the … bidding behavior (1) is serially mediated by the perception that the auction is more intensely competitive and by a greater … desire to win, (2) is distinct from the effects of time pressure and of the auction's duration or overall rate of progression …

We study the relative performance of the first‐price sealed‐bid auction and the second-price sealed‐bid auction in a … laboratory experiment where bidders can signal information through their bidding behaviour to an outside observer. We consider … reveals the winner’s payment to an outside observer. We find that the first‐price sealed‐bid auction in which the winner …

We experimentally study the effect of auction format (sealed-bid vs. closed clock vs. open clock) and auction sequence … (simultaneous vs. sequential) on bidding behaviour and auction outcomes in auctions of multiple related multi-unit items. Prominent … auction formats, resulting from fiercer competition on the item auctioned first …

car license auction, many car licenses are sold but each participant can only bid for one license. We examine the … theoretical properties of three auction formats: Shanghai auction, Guangzhou auction, and Singapore auction. Our main results are … that (1) No equilibrium of the Shanghai auction can guarantee an efficient allocation, (2) the Singapore auction allocates …

provides the results from a controlled laboratory experiment of an auction-based emissions market in the electricity sector … Environmental Protection Agency (EPA)'s Clean Power Plan. Auction-based approaches, like those used in the Northeast U.S. and …

all-pay sealed-bid auction in a laboratory experiment where bidders can signal information through their bidding behaviour …We study the relative performance of the first-price sealed-bid auction, the second-price sealed-bid auction, and the …-bid auction in which the bidders’ payments are revealed outperforms the other mechanisms in terms of revenue, while this mechanism …

all-pay sealed-bid auction in a laboratory experiment where bidders can signal information through their bidding behaviour …We study the relative performance of the first-price sealed-bid auction, the second-price sealed-bid auction, and the …-bid auction in which the bidders’ payments are revealed outperforms the other mechanisms in terms of revenue, while this mechanism …

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 …

We study the relative performance of the first-price sealed-bid auction and the second-price sealed-bid auction in a … laboratory experiment where bidders can signal information through their bidding behavior to an outside observer. We consider two … winner's payment to an outside observer. We find that the first-price sealed-bid auction in which the winner's payment is …

In a field experiment, we study the revenue-generating properties of premium auctions. In a premium auction, the runner … experiment, we compare two types of premium auctions with the standard Vickrey auction selling high-quality, limited … that the relative performance of premium auctions compared to standard auction formats is context-specific. In the …