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and in a laboratory experiment. Our theoretical results suggest that in a setting where the buyer and the suppliers have …
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choices from a laboratory experiment. The equilibrium predicts that the large battlefield receives more than a proportional …
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projects have demonstrated that the mechanism is efficiency enhancing. Our experiment tests whether the mechanism remains …
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The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences...
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We theoretically and experimentally study a college admissions problem in which colleges accept students by ranking students' efforts in entrance exams. Students hold private information regarding their ability level that affects the cost of their efforts. We assume that student preferences are...
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