their auction end at the evening, when many potential buyers may be online. …

€“bid auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …

of a multi-object auction. After the auction either all bids or only the prices to be paid are revealed to all firms … bidders’ costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …

effort and private information. We compare two procurement mechanisms where potential sellers first bid in an auction for …-price auction. We characterize Bayesian Nash equilibria such that both mechanisms are payoff-equivalent and induce the same efforts … and innovations. In these equilibria, signaling in the entry auction does not occur since contestants play a simple …

-wise match is modeled as an all-pay auction where the winner gets the right to compete at the next round. Equilibrium efforts are …

opportunity to accept a posted price offer from the seller before the start of the auction. Bringing the field into the lab, we …

. We show that elementary results in auction theory can fully account for some stylized facts on asset returns that have … assumptions underlying auction theory. …