This study examines the role of timing in auctions under the premise that time is a valuable resource. When one object is for sale, Dutch and first-price sealed bid auctions are strategically equivalent in standard models, and therefore, they should yield the same revenue for the auctioneer. We...

When bidders incur a cost to learn their valuations, bidder entry can impact auction performance. Two common selling mechanisms in this environment are an English auction, and a sequential bidding process. Bulow and Klemperer (2009) show, theoretically, that sellers should prefer the auction,...

Isaac and Walker (1985) demonstrated that stable cooperative agreements are often formed in sealed bid auctions. By extending the experimental environment to multiple, simultaneous sealed bid auctions, it is possible to not only examine whether bidders collude in experimental auctions, but also...