in the first price auction than in the all pay auction, and with narrow bracketing, we show that the opposite is true for … the revenue ranking between the first price auction and the all pay auction. In order to test the theoretical predictions …, we conduct laboratory experiments, in which money and a real object is auctioned in both a first price auction and an all …

We compare two commonly used procurement English auction formats - the ex-ante reserve price and the ex-post reserve … of bidders, and optimal ex-post reserve prices are invariant to the realized auction prices. Anticipated regret, Davis et … the number of bidders and also predicts optimal ex-post reserve prices increasing in the realized auction prices. In our …

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 … unaffected by the intensity of competition. We also successfully replicate an experiment from Sprenger (2015) aimed at …

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 … unaffected by the intensity of competition. We also successfully replicate an experiment from Sprenger (2015) aimed at …

the first auction is, the less aggressive the behavior of the remaining bidders in the second auction. When choosing his …

We investigate a private value auction in which a single "entrant" on winning imposes a negative externality on two … "regular" bidders. In an English auction, when all bidders are active "regulars" free ride, exiting before price reaches their … value. In a first-price sealed-bid auction incentives for free riding and aggressive bidding coexist, limiting free riding …

Renegotiation is a common practice in procurement auctions which allows for post-auction price adjustments and is … nominally intended to deal with the problem that sellers might underestimate the eventual costs of a project during the auction …

an optimal auction in Myerson (1981); auctioneers who believe that bidders are loss averse can find it here: An optimal … auction is an all pay auction with minimum bid, and any optimal mechanism is all pay. …