This paper provides a structural empirical analysis of Dutch auctions of houseplants at the flower auction in Aalsmeer …, the Netherlands. The data set is unique for Dutch auctions in the sense that it includes observations of all losing bids … auction participants, and as such these data are collectible due to neurological constraints on information processing. The …

-bidders' auction is similar to the Hawk-Dove game, which motivates to study symmetric NEs: Properties and comparative statics are …

addition, we derive various properties of the allocation and price system obtained by the auction. … constrained bidders. Succeedingly we propose an ascending auction mechanism that always results in an equilibrium allocation and … price system. By starting with the reservation price of each item, the auctioneer announces the current prices of the items …

detailed price information. We find that anobligation to divest lowers prices by over 2% while the auctioning of licenses … withoutsuch an obligation has no discernible effect. We find weak evidence for price effects onnearby competitors. …

In this note, we experimentally examine the relative performance of price-only auctions and multi-attribute auctions …. We do so in procurement settings where the buyer can give the winning bidder incentives to exert effort on non-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 …

bidders, the expected revenue and the optimal bid function in a first price auction result in complicated expressions, except …

firms' risk attitudes and the fact that future market prof-its are uncertain so that winning an auction is like winning a …