Auctions : A Survey of Experimental Research , 1995 – 2010

Multi-Unit Auctions

We survey experimental research on multi-unit auctions with an emphasis on topics that may be of a unifying interest to experimental, as well as theoretical and empirical economists. Topics include static and dynamic multi-unit auctions; combinatorial auctions and efficient auction design; simultaneous and sequential auctions; bidder asymmetry and endogenous entry, and collusion in auctions. We...

Auctions : A Survey of Experimental Research

Common Value Auctions and the Winner’s Curse: Lessons from the Economics Laboratory*

Russell Sage Foundation are gratefully acknowledged. Special thanks to my colleagues and my coauthors, especially Dan Levin, who have taught me so much. Much of the material here is taken from our more comprehensive survey titled " Bidding in Common Value Auctions: A Survey of Experimental Research, " which appears as Chapter 1 in the collection of our published papers investigating common valu...

Presenting and Explaining the Model of Information Transparency as an Ethical Factor in Electronic Auctions

Abstract Background: Lack of information transparency is one of the ethical risks in the field of e-commerce. The purpose of this study is to explain the model of information transparency in electronic auctions in the organization of collection and sale of proprietary property. Method: The present study was a qualitative-exploratory research and descriptive-survey research. The statistical po...

Efficient Iterative Combinatorial Auctions

This survey considers the following setting. A seller wants to sell a set of indivisible goods. A set of buyers are interested in buying the goods. Buyers have private values for bundles of goods they are interested in buying. The seller’s objective is to allocate the goods to the buyers efficiently (maximizing the total utility of buyers). Since the values of buyers are private information, th...