. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction format in which …Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We …

This paper presents the results of an experimental study of takeover auctions with toeholds. Consistent with the theory …

auctions for IPO pricing and allocation. IPO firms face a trade-off between the benefit of accurate and reliable IPO price … measuring the impact of two key variables on this trade-off: capacity restraint and discount on the auction clearing price …. Using controlled experiment methodology in multi-unit uniform price auctions we found that the most capacity …