In auctions with externalities, it is well-known that the core can be empty, which is undesirable both in terms of … stability and fairness. Nevertheless, some auction outcome must be chosen. We separate deviations into two types: deviations by …

In auctions with externalities, the core can be empty, which is undesirable both in terms of stability and fairness. We …

; and rst-price, second-price, and all-pay auctions. Second, we establish revenue equivalence of these auction mechanisms in … auctions. Finally, we identify an optimal mechanism and its implementation by means of reserve prices in lottery and auction …

allocation rules (first- vs. second-price - auction vs. fair division game). The data analysis of the sealed-bid, private value …

allocation rules (first- vs. second-price - auction vs. fair division game). The data analysis of the sealed-bid, private value …

We conduct an experiment in which we auction the scarce rights to play the Proposer and Responder positions in … fees according to the auction price sequences observed in the auction treatment. With endogenous selection into ultimatum … games via auctions, we find that play converges to a session-specific Nash equilibrium and auction prices emerge which …

, deals with bidders' anticipated regrets from winning and from losing the auction. It exploits the stochastic properties of … the auction format and rationalizes: (i) Nash equilibrium bidding, (ii) (non-)monotone overbidding and (iii) fully cursed …

allocation rules (first vs. second price auction vs. fair division game). The data analysis of the sealed-bid, private value …

question of the value added of letting the sourcing process consist of both an auction and a negotiation stage, theoretically … and in a laboratory experiment. Our theoretical results suggest that in a setting where the buyer and the suppliers have … auction is beneficial to the buyer compared to no communication and ex-ante communication. In a setting where the buyer and …

question of the value added of letting the sourcing process consist of both an auction and a negotiation stage, theoretically … and in a laboratory experiment. Our theoretical results suggest that in a setting where the buyer and the suppliers have … auction is beneficial to the buyer compared to no communication and ex-ante communication. In a setting where the buyer and …