, versus the option of making the reserve public by using it as the minimum bid level. In a field experiment, we auction 50 …Sellers in eBay auctions have the opportunity to choose both a public minimum bid amount and a secret reserve price. We … that secret reserve prices make us worse off as sellers, by reducing the probability of the auction resulting in a sale …

, versus the option of making the reserve public by using it as the minimum bid level. In a field experiment, we auction 50 …Sellers in eBay auctions have the opportunity to choose both a public minimum bid amount and a secret reserve price. We … that secret reserve prices make us worse off as sellers, by reducing the probability of the auction resulting in a sale …

auctions were for video games for Microsoft's Xbox gaming console. The revenue equivalence theorem states that any auction form …We conducted 80 auctions on eBay. Forty of these auctions were for various popular music CDs while the remaining 40 … keep the overall reserve level fixed. When the effective reserve was $4, auctions with a low opening bid and high shipping …

field experiment the auction through which contracts were allocated to farmers switched from PaB to UP pricing. Our analysis …Payments-for-Ecosystem-Service (PES) schemes increasingly use auctions to target funds to low-cost providers, aiming to … increase efficiency and value-for-money. To date, these PES auctions have universally employed ``Pay-as-Bid'' (PaB) pricing, in …

and services. Experimental auctions are a promising method for acquiring such information considering that they are … conduct these with a representative sample. While most research on experimental auctions relies on laboratory experiments with … students as participants, more recently, experimental auctions in the field have become increasingly important. In this paper …