"The value of this book is global and its applicability across industries in this global environment ranging from high tech organizations that have integrated freely into the market to cooperatives and not-for-profit organizations' social or technical purpose through shared affiliation,...

Our study compares individual and team bidding in standard auction formats: first-price, second-price and ascending-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than teams in first-price auctions and deviate more from...