In this paper we introduce a new type of experiment that combines the advantages of lab and field experiments. The … environment. This guarantees the test of the theoretical predictions in a highly controlled environment and at the same time … opportunity to accept a posted price offer from the seller before the start of the auction. Bringing the field into the lab, we …

. Possessing this self-serving belief, everyone overworks in a subsequent piece-rate stage. We conduct an experimental test to …

auction. We analyse experimentally how eBay sellers set BIN prices and whether they benefit from offering them. Using the real … eBay environment in the laboratory, we find that the eBay auction format supports deviations from truthful bidding leading … to auction prices substantially below those expected in second-price auctions. Our results reveal that the observed price …

does not effect their price decisions. Compared to an eBay auction without a BIN-price, the BIN-auction is more efficient …

' WTP using a non-hypothetical experimental auction for 'blood orange' [known as Arancia Rossa di Sicilia PGI (Protected …

incorporates a random number of participating bidders in each auction, allows for any bid distribution, and is not restricted to … the single-auction expected revenue function. We show that a monotone staircase with unit jumps policy is optimal and … order condition is met in common online auction mechanisms …

auction model in which a seller's choice of reserve price signals her private information about the object's quality. We show …. We estimate the reserve price signaling model using a novel dataset from a large online auto auction platform. We find …

two auctions, we vary auction design features between and within pairs including shipping cost, open reserve, secret … auction choice by bidders are indeed related to search costs. We find strong inertia in auction choice and find that this … effect significantly interacts with time left in the auction. While individuals do not always choose a lower priced auction …

If all potential buyers participate in a first-price auction, then (theoretically) the auction price weakly exceeds the … posted-price mechanism to auction. We aim to explain this empirical contradiction in terms of partial participation of the … buyers in auction, prompted by impatience and dissuasion. Auction in internet often requires waiting, and hence many …

In Australian real estate markets, about a third of properties are sold at auction. We show that properties that fail … made. Consistent with a causal channel, the effect holds when auction failure is instrumented by the tendency of owners to …, and the discount fades over time, inconsistent with our effects reflecting unobserved property characteristics. We test …