Multi-unit auctions are sometimes plagued by the so-called exposure problem. In this paper, we analyze a simple game called the chopstick auction' in which bidders are confronted with the exposure problem. We analyze the chopstick auction with incomplete information both in theory and in a...

Multi-unit auctions are sometimes plagued by the so-called exposure problem. In this paper, we analyze a simple game called the "chopstick auction" in which bidders are confronted with the exposure problem. We do so both in theory and in a laboratory experiment. In theory, the chopstick auction...

We investigate the effect of a donation incentive tied to contributions to a public good when group members can decide on the size of their donation. An up to 20% donation of the public good was implemented either exogenously or endogenously by group members. In the Vote treatment, groups could...

We investigate the effect of a donation incentive tied to contributions to a public good when group members can decide on the size of their donation. An up to 20% donation of the public good was implemented either exogenously or endogenously by group members. In the Vote treatment, groups could...