Recent research suggests that auction winners sometimes fall prey to a "bidder's curse", paying more for an item at … auction than they would have paid at a posted price. One explanation for this phenomenon is that bidders are inattentive to … to the opportunity cost of acquiring information about the posted price. We test our model in a laboratory experiment in …

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 … ignorant and overbid in the auction, generating the bidder's curse. To assess the empirical validity of our proposed …

We contribute to the literature on the optimal design of auction mechanisms for the procurement of nature conservation …

We contribute to the literature on the optimal design of auction mechanisms for the procurement of nature conservation …

' WTP using a non-hypothetical experimental auction for 'blood orange' [known as Arancia Rossa di Sicilia PGI (Protected …

use of repeated rounds with price feedback has become standard practice in the applied experimental auction valuation … literature.We conducted two experiments to determine how rationally subjects behave with and without price feedback in a second …-price auction. Results from an auction for lotteries show that subjects exposed to price feedback are significantly more likely to …

more quickly increases one's WTP in an auction. Evidence from five experiments demonstrates this effect and pinpoints the … bidding behavior (1) is serially mediated by the perception that the auction is more intensely competitive and by a greater … desire to win, (2) is distinct from the effects of time pressure and of the auction's duration or overall rate of progression …

crowdinvesting portals, Innovestment is running a multiunit sealed bid second price auction where backers can specify the price they … unique auction mechanism to analyze backers' willingness to pay for cash flow rights in a startup company. We find that … end of an auction. Our findings indicate that portal design and self-regulation might well trump government rules in the …

environmental valuation. Economic experiments, in the lab or field, are an attractive tool to address intricate incentive and …. Second, direct experimental methods to measure actual values for public and private goods are examined. These experiments ask … people to buy and sell actual goods to elicit real values, in which researchers test how alternative exchange institutions …