trade at a fixed price before an auction. In the "Buy-It-Now" format, the seller offers a price prior to the auction … very different strategic implications for buyers and sellers, results from our experiment suggest no effects of bargaining …

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we scan …

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values and 400 …

-price dimensions after the auction. Both auctions theoretically implement the surplus maximizing mechanism. Our experiment confirms …

as equilibrium phenomena of the ascending auction. In a series of experiments, we compare its performance to that of the … discriminatory auction. Strategic demand reduction is quite prevalent in the ascending auction even when entry by the newcomer … imposes a (large) negative externality on incumbents. As a result, the ascending auction performs worse than the …

more likely to win the auction when teams bid. -- UMTS auction ; team decision-making ; experiment ; winner's curse …We examine bidding behaviour of individuals and teams in an experimental auction resembling UMTS-license auctions. Even … relied on individual bidders. Our results show that teams stay on average longer in an (ascending sealed-bid English) auction …

An auction is externality-robust if unilateral deviations from equilibrium leave the other bidders' payoffs unaffected … externalities due to spiteful preferences, which have been used to explain overbidding in the second-price auction (SPA). Another … example are cross-shareholdings between companies that compete in an auction. We derive an auction that coincides with the SPA …

between auction formats. The finding is that bidders strongly prefer the ascending to the first price sealed bid auction on a … ceteris paribus basis but they are not willing to pay up to an entry price for entering into an ascending auction instead of a … for bidders' auction choice behavior leaving risk aversion as the only un-falsified hypothesis. …

that makes all bids visible, and apply it to a 'wallet auction' experiment. Finally, we test the theory against various …This paper reconsiders experimental tests of the English clock auction. We point out why the standard procedure can …

An auction is externality-robust if unilateral deviations from equilibrium leave the other bidders' payoffs unaffected … externalities due to spiteful preferences, which have been used to explain overbidding in the second-price auction (SPA). Another … example are cross-shareholdings between companies that compete in an auction. We derive an auction that coincides with the SPA …