and study expectations together with best replies. We extensively test the internal validity of this setup. We ?nd that …Deviations from equilibrium bids in auctions can be related to inconsistent expectations with correct best replies (see … Eyster and Rabin, 2005; Crawford and Iriberri, 2007) or correct expectations but small (perhaps quantal-response) mistakes in …

which allows to observe bids and expectations separately. We extensively test the internal validity of this setup. We find … difficult to explain this deviation with risk aversion. We propose and test two other explanations: (1) Bidders do not form … correct expectations. (2) Bidders do not play a best reply against their expectations. We present a novel experimental setup …

have not been studied previously. This paper reports on laboratory experiments testing three auction forms -– uniform and … discriminatory price sealed bid auctions and an ascending clock auction. We test the ability of subjects to tacitly or explicitly … revenues than the clock auction, both without and with explicit communication. The clock appears to be more subject to …

Competition in a multi-unit auction is measured both by the number of bidders and by the relative size of their demands … observe different demand structures. Do they have an impact on the auction efficiency and revenue-raising properties ? It is … design of multi-unit auctions. Theoretical results demonstrate on a simple case contrasting a uniform-price auction of two …

traded in a secondary spot market. Low and high emitters compete for permits in the auction, while permits are assigned for … skewed towards high emitters. Furthermore, the opportunity costs of “free” permits are fully “passed through.” In the auction …

-shot auction game. Our earlier experiments show that in common value auctions with complete information, collusion does occur and … English-type auction allow bidders to match each others' bids, collusion can be sustained as a Nash equilibrium of a one …

This paper reports the results of experiments designed to test the theory of the optimal composition of prizes in …

important implications for the analysis of data from Rapoport and Amaldoss’s experiments. …