We provide evidence that culture is a source of pricing bias. In a sample of 1.9 million auction transactions in 49 …

sectors have significant statistical relationship with the price difference between defaulted US bond prices prior the auction …The dissertation examines the effect of counterparty risk on the price difference between defaulted US bond prices … (market-based recovery) and the corresponding final CDS auction prices (auction-based recovery) during the CDS auction day for …

In second price internet auctions with a fixed end time, such as those on eBay, many bidders snipe , i.e., they submit … their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … second price internet auctions, in which very late bids have a positive probability of not being successfully submitted, and …

This paper evaluates the importance of auction format on bidding behavior and seller revenue, focusing on differences … in performance under uniform-price and discriminatory-price formats. The analysis is based on a standard benchmark model … suggests greater seller revenue under the uniform-price format …

In second price internet auctions with a fixed end time, such as those on eBay, many bidders "snipe", i.e., they submit … their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … second price internet auctions, in which very late bids have a positive probability of not being successfully submitted, and …

Public sales art catalogues include low and high pre-sale price estimates by experts. This makes it possible to analyze …

Auction winners sometimes suffer a "bidder's curse", paying more for an item at auction than the fixed price charged … presence of opportunity costs. Our theory introduces costly information acquisition into an auction model, with a fixed price … behavior, we consider the bidders' decisions whether to acquire information about the fixed price before bidding, in the …