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

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 …

trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows … sellers to post prices at which buyers can purchase a good prior to the auction. Even though, buyer behavior is well studied … auction market (the eBay platform and eBay traders) with the techniques of lab experiments. We find a striking link between …

Most prior theoretical and experimental work involving auction choice has assumed bidders only find out their value … to making an auction choice impacts their choice decision and/or the outcome of the auctions. The results show a strong … impact. Subjects with low values choose the first price sealed bid auction more often while subjects with high values choose …

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

The conventional wisdom in the auction design literature is that first price sealed bid auctions tend to make more … allowed to endogenously choose in which auction format to participate. Our findings are that more bidders choose to enter the … ascending auction than the first price sealed bid auction and this extra entry is enough to make up the revenue difference …

of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions … positive externality. Nevertheless, pooling does not occur; and the profit-share auction is strictly more profitable than the … first-price auction, regardless of whether firms observe the synergy parameter or only the winning bid before they play the …