, deals with bidders' anticipated regrets from winning and from losing the auction. It exploits the stochastic properties of … the auction format and rationalizes: (i) Nash equilibrium bidding, (ii) (non-)monotone overbidding and (iii) fully cursed …

We study the relative performance of the first‐price sealed‐bid auction and the second-price sealed‐bid auction in a … reveals the winner’s payment to an outside observer. We find that the first‐price sealed‐bid auction in which the winner …

We study the relative performance of the first-price sealed-bid auction and the second-price sealed-bid auction in a … winner's payment to an outside observer. We find that the first-price sealed-bid auction in which the winner's payment is …

We study the relative performance of the first-price sealed-bid auction, the second-price sealed-bid auction, and the … all-pay sealed-bid auction in a laboratory experiment where bidders can signal information through their bidding behaviour …-bid auction in which the bidders’ payments are revealed outperforms the other mechanisms in terms of revenue, while this mechanism …

Recent research suggests that auction winners sometimes fall prey to a "bidder's curse", paying more for an item at … auction than they would have paid at a posted price. One explanation for this phenomenon is that bidders are inattentive to … to the opportunity cost of acquiring information about the posted price. We test our model in a laboratory experiment in …

This paper presents the results of experiments carried out in two countries, Bulgaria and Germany, with different … allocation rules (first- vs. second-price - auction vs. fair division game). The data analysis of the sealed-bid, private value …-contests compares the bid functions, some features of the bidding behavior as well as the efficiency rates and the price expectations in …

This paper presents the results of experiments carried out in two countries, Bulgaria and Germany, with different … allocation rules (first- vs. second-price - auction vs. fair division game). The data analysis of the sealed-bid, private value …-contests compares the bid functions, some features of the bidding behavior as well as the efficiency rates and the price expectations in …

pricing methods. A clock auction stands for the "Dutch auction". A sealed-bid uniform price auction represents "book building … and one needs to employ experiments to analyze investor behavior. Rational or Bayesian updating takes place when investor …

describes the data. Second, we test the auction design of the electricity markets experimentally. The current auction design is … a static bidding framework. We find that if the auction were to operate under a sequential bidding auction, all market …