The popularity of open ascending auctions is often attributed to the fact that openly observable bidding allows to … aggregate dispersed information. Another reason behind the frequent utilization of open auction formats may be that they … activate revenue enhancing biases. In an experiment, we compare three auctions that differ in how much information is revealed …

stations and forcing the divestiture of outlets of four majors. We evaluate this policy experiment using panel data containing …

We study auctions in which the number of potential bidders is large, such as in Internet auctions. With numerous … bidders, the expected revenue and the optimal bid function in a first price auction result in complicated expressions, except … Internet auctions. …

. The effects of an auction depend on what the bidders compete. With a bid auction, the bidders compete on how much money … they transfer to the government. This auction leads to the same outcome as the unregulated game (for a given market … structure), since this gives the maximum profit to transfer. An auction on the capacity of a facility leads to an even lower …

behavior depending on their fairness perceptions, their experienced emotions, and their interaction with responders. We find …

recent health insurance reform in The Netherlands, where a private-public mix of insurance provision was replaced by a system …

We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we … between emotions andbidding behavior in a second auction series. Our main results are: (i) the economic shock has asubstantial … impact on the experienced emotions of bidders; (ii) the emotional statesystematically influences bidding behavior. In …

-making experiment preceding the take game. The gameconsists of two stages. In the first stage, the take authority decides howmuch income … primarily interested in how emotions influenceresponder behavior. Our findings are the following. (1) A higher take … happiness. Sincenegative emotions are experienced as painful, there is direct hedonicimpact. (2) Irritation and contempt drive …