We study experimental multi-unit uniform and discriminatory auctions with demand uncertainty, motivated by the ongoing debate about market design in the electricity industry. We study the effect of asymmetric demand-information in the two auction institutions. In our treatment condition some...

We study experimental multi-unit uniform and discriminatory auctions with demand uncertainty, motivated by the ongoing debate about market design in the electricity industry. We study the effect of asymmetric demand-information in the two auction institutions. In our treatment condition some...

The behavioral properties of several auctions designed to elicit individual valuations for an object are studied using controlled laboratory experiments. Our experiments lead us to conclude that there are some behavioral differences between alternative incentive-compatible institutions for...