always true, and many well-known mechanisms are simple, including ascending auctions, posted prices, and serial dictatorship …

As a selling mechanism, auctions have acquired a central position in the free market economy all over the globe. This … development has deepened, broadened, and expanded the theory of auctions in new directions. This chapter is intended as a …

The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of … likely to affect the bidding behavior in first-price (but not second-price) auctions. We test experimentally a setup in which … collusion in first-price and second-price auctions. Furthermore, failed collusion attempts distort the bidding behavior in the …

in strategic settings. This article studies the role of anchoring bias in private-value auctions. We test experimentally … biased beliefs. In Dutch auctions, the effect of a starting price, is negative. We demonstrate that the long …