. We approached about 4500 households, each participating in either an all-pay auction, a lottery, a non …-pay auction and the lottery. Although the all-pay auction is the superior fundraising mechanism both in theory and in the … anomaly. First, participation in the all-pay auction is substantially lower than in the other mechanisms while the average …

We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we … confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation … between emotions andbidding behavior in a second auction series. Our main results are: (i) the economic shock has asubstantial …

issues. We compare auction schemes, grandfathering schemes, and output-based allocation (OBA) schemes. We further extend the … model by examining a combination of auctions and OBA. Though the auction scheme is found to be the best in terms of …

ratepayers. In the first year a fraction of allowances, mostly with future year vintage, will be sold through an auction with a … legislature. Allowance auction revenue will grow five-fold in 2015 when transportation and natural gas are included. To whom does …

demand shift is reflected in sales prices under alternative auction formats. Price tracking is good for uniform-price, sealed …

This paper characterizes the optimal first-price auction (FPA) and second-price auction (SPA) for selling rights …

We investigate experimentally whether emotions affect bidding behavior in a first price auction. To induce emotions, we … confront subjects after a first auction series with a positive or negative random economic shock. We then explore the relation … between emotions and bidding behavior in a second auction series. Our main results are: (i) the economic shock has a …

emissions allowances through an auction so as to direct revenues to tax relief or other public investments. However, an auction …