, versus the option of making the reserve public by using it as the minimum bid level. In a field experiment, we auction 50 … that secret reserve prices make us worse off as sellers, by reducing the probability of the auction resulting in a sale …, deterring serious bidders from entering the auction, and lowering the expected transaction price of the auction. We also present …

auctions were for video games for Microsoft's Xbox gaming console. The revenue equivalence theorem states that any auction form … to the auction or revenues as a function of how the effective reserve is allocated between opening bid and shipping …

field experiment the auction through which contracts were allocated to farmers switched from PaB to UP pricing. Our analysis … provides the first real-world, causal evidence on the effect of auction pricing rules in this context. As predicted by theory …

trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows … sellers to post prices at which buyers can purchase a good prior to the auction. Even though, buyer behavior is well studied … auction market (the eBay platform and eBay traders) with the techniques of lab experiments. We find a striking link between …