We auction scarce rights to play the Proposer and Responder positions in ultimatum games. As a control treatment, we … randomly allocate these rights and charge exogenous participation fees. These participation fee sequences match the auction … price sequence from a session of the original treatment. With endogenous selection via auctions, we find that play converges …

Buyer-seller networks where price is determined by an ascending-bid auction are important in many economic examples … sellers are better off not participating in the auction. We consider what happens if sellers can make a take it or leave it … offer to one of their linked buyers before the auction takes place and thus such a seller can choose not to participate in …

an agreement that incorporates the (unrealized) costs of delay and conflict. A laboratory experiment has been used to …

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

) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a …. The model also predicts different bidding behavior in second price as compared to ascending-bid auctions. The paper also … overbid more than higher value bidders, and they overbid more frequently in the second price auction than in the ascending …

Two experimental treatments are used to study the effects of auction risk across five mechanisms. The first canonical … neutral Nash equilibrium is prevalent in all common auction mechanisms except for the English auction. We do not find evidence … second novel treatment with external risk. This treatment captures the risk, prevalent in online auctions, that winners will …

With a laboratory experiment, we study the impact of buy-options and the corresponding buy-price on revenues and … bidding behavior in (online) proxy-auctions with independent private valuations. We show that temporary buy-options may reduce …-prices, bidders are reluctant to bid above the option price (even though the option is no longer available once an auction has started …

We consider auctions with price externality where all bidders derive utility from the winning price, such as charity … auctions. In addition to the benefit to the winning bidder, all bidders obtain a benefit that is increasing in the winning …

bid for three goods in first and second price auctions. Subjects learn at the beginning of each auction their valuation …We conduct a laboratory experiment where groups of 4 subjects constrained to obtain at most one good each, sequentially … for the good and exit the auction once they have obtained one good. We show that, contrary to equilibrium predictions …

Auctions are a prevalent way to exchange goods and are well-studied for the exchange of rivalrous goods, but are less … studied for non-rivalrous goods. I examine an auction framework where the good sold can be used simultaneously by multiple … bidders if their use does not conflict with others; this simultaneous use directly affects the efficiency of the auction. A …