The importance of auction theory has gained increased recognition in the scientific community, the latest recognition … being the award of the Nobel price to Vickrey and Mirrlees. Auction theory has been used in quite different fields, both …

Die Theorie des Wettbewerbs als Entdeckungsverfahren behauptet, daß die Ergebnisse des Wettbewerbes nicht vorhergesagt … Beitrag beschreibt eine ?double-oral auction?, durchgeführt als Hörsaal-Experiment, und zeigt auf, daß Wettbewerb mit hoher …The theory of competition as a discovery procedure argues that the results of this procedure cannot be predicted …

discriminatory price auction is better for the seller in this setting. Exactly as predicted by theory, it turns out that the uniform …. Somewhat surprisingly but again predicted by theory, it also yields a higher number of transactions, which makes it the more …

This article reports the results of a first-price sealed-bid auction experiment, which has been designed to test the … experiments of revealing only the winning bid after each auction. By means of learning direction theory we explain the individual … bidding dynamics. Finally we apply impulse balance theory and make long run predictions of the individual bidding behavior. …

price or all-pay raises the most money. Our experiment suggests that both the all-pay and second price formats are dominated … difference between existing theory and the field. To conclude, we show that a model of charity auctions augmented by an …