We conduct an experiment in which we auction the scarce rights to play the Proposer and Responder positions in … fees according to the auction price sequences observed in the auction treatment. With endogenous selection into ultimatum … games via auctions, we find that play converges to a session-specific Nash equilibrium and auction prices emerge which …

run. In the second-price auction, this is the truthful bid. In the first-price auction, bidding half of one’s valuation is … stable. The stable bid in the k-double auction is a toughening of the Chatterjee-Samuelson linear equilibrium strategy. If we …

to keep the transfers to the sellers as low as possible. In each step of the auction, to which sellers should those …

capita winning bid (per Mhz) values to auction design variables (license award process), national and mobile market …. The analysis reveals that most auction design variables independently impact on realized 3G spectrum auction revenue in a … manner consistent with auction theory. …

In a real-time electric power auction, the bids of producers consist of committed supply as a function of price. The …. I consider a uniform-price auction with a reservation price, where demand is inelastic and exceed the market capacity …

Consider a market where producers submit supply functions to a procurement auction - e.g. an electric power auction …

: Weibull and normal distribution. The optimal bid functions and the expected procurer's cost under both auction formats are … the two auction formats. Using estimates from structural estimation in previous empirical work on first-price auction data … first-price sealed bid auction to a second-price sealed bid auction mechanism is computed. …

auction. This effect appears not to be driven by i) differences in observable characteristics; ii) differences in real estate …