. Enterprises embarking on a reverse auction initiative often start with their commodity purchases. We conduct laboratory … experiments and find that this is a poor starting point. Both the mean and variance of prices when sourcing through reverse … sealed bid auction and has the same symmetric Nash equilibrium. However, the request for quote allows identification of …

I use laboratory experiments to examine the relative performance of the English auction (EA) and the first price sealed … bid auction (FPA) when procuring a commodity. The mean and variance of prices are lower in the FPA than in the EA. Bids …

Running conventional laboratory experiments (i.e., with a standard student subject pool) is common practice in economic … experiments especially when methodological issues are explored. However, generalization of the results from such experiments to …). The auction is constructed in a way to isolate warm glow by donating the sum of revenues by highest bidders to an …

such procurement is an English auction followed by an auctioneer's option to engage in ultimatum bargaining with the winner … equilibrium strategy of exiting the auction at their costs and then accepting strictly profitable offers. Buyers generally … with auction prices when they should be invariant. We explain this deviation by modeling buyers' subjective posteriors …

strategic best response. Rule switching probabilities depend upon a bidder's past auction outcomes. We apply this model to a new … experiment that varies the number of bidders, the auction frame between forward and reverse, and includes the collection of …

even when no economic motivator is present. To accomplish this task, we employ an experimental Vickrey median price auction …

examine an extension of the canonical two-player all-pay auction in which a tie occurs unless one player’s bid exceeds the … standard all-pay auction. We also find that decreasing the fraction of the prize players receive for tying may either increase …

findings in the auction experiments are due to expectations-based loss aversion. …We present results from an experiment with a within-subject design aimed at testing a unique prediction of expectations … expectationsbased reference-dependent preferences, the total number of participants in an auction should affect bids in auctions for …