Auction Format and Auction Sequence in Multi‐item Multi‐unit Auctions: An Experimental Study

Combinatorial Auction Bandwidth Trading: An Experimental Study

An Experimental Study of Auction Behaviour

A laboratory simulation of property sales revealed that in a mildly optimistic market, auction prices returned premiums to the rational capitalised values, whereas tender sale did not. Results suggest that auction premiums may tend to peak near the middle of the auction, however, the properties were sold in order of diminishing value, so further research may be necessary in order to distinguish...

Auctions and the German UMTS-Auction

The German UMTS-Auction in August 2000 attracted, like similar auctions in Great Britain and The Netherlands earlier in the year 2000, a lot of public attention and money. At this auction 4 to 6 licenses to offer third generation cell-phone service in Germany were on the block to be sold, raising a total revenue of 98,8072 BDM. The publicity surrounding the auction is as good an excuse as any t...

Collusion and the Choice of Auction: An Experimental Study

We bring to the lab the theoretical result of Robinson (1985, RAND Journal of Economics 16: 141 145) that collusion is incentive compatible in the English auction (EN) and not in the firstprice sealed-bid auction (FP) in the case of one-shot interaction. Our data partly confirm Robinson’s prediction: in FP all cartels break down, but a majority of cartels breaks down in EN as well. However, mor...

An Auction Reference Model for Describing and Running Auctions

With electronic auctions gaining importance, economists have increasingly gotten interested in researching the impact of variations in auction protocols. However, the infinite number of possible auction configurations and the significance of details make this a hard and tedious task. Therefore we address the issue of comprehensive description both from a conceptual and an implementation perspec...