We study the relative performance of the first‐price sealed‐bid auction and the second-price sealed‐bid auction in a … reveals the winner’s payment to an outside observer. We find that the first‐price sealed‐bid auction in which the winner …

We study the relative performance of the first‐price sealed‐bid auction and the second-price sealed‐bid auction in a … reveals the winner’s payment to an outside observer. We find that the first‐price sealed‐bid auction in which the winner …

. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction format in which …

The Babylonian bridal auction, described by Herodotus, is regarded as one of the earliest uses of an auction in history …. Yet, to our knowledge, the literature lacks a formal equilibrium analysis of this auction. We provide such an analysis for …

We study a symmetric private value auction with signaling, in which the auction outcome is used by an outside observer … exists in the second-price auction and the English auction. We establish there is no equivalence between these two auction … clock, affects signaling incentives differently in both auction formats, and thereby also the bidders’ incentives to overbid …

information’ assumption. The ad value is characterized by a tractable analytical solution given observed auction parameters. Using … Yahoo! search auction data, we estimate value distributions and study the bidding behavior across product categories. We …

identical actions will be played some fraction of the time in the long run. We then conduct experiments to check this fragility …