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Why do we observe overbidding in first price private value auctions? This paper aims to answer this question, which has been extensively studied in the literature, from a nonstandard point of view...
We investigate both theoretically and experimentally the role that information disclosure has on behavior in all pay environments in which all agents must exert costly effort, but only the winner is ...
We study multi-object auctions in the presence of post-auction trade opportunities among bidders who have either single- or multi-object demand. We focus on two formats: Vickrey auctions where packa...
Correspondence: Department of Economics, University of Maryland, College Park, MD 20742; phone (301) 405-3484; email jin@econ.umd.edu. We benefit from comments of Austan Goolsbee, Raphael Thom...
We study multi-object auctions in the presence of post-auction trade opportunities among bidders who have either single- or multi-object demand. We focus on two formats: Vickrey auctions where pac...
This paper demonstrates theoretically and experimentally that in first price auctions overbidding with respect to the risk neutral Nash equilibrium might be driven from anticipated loser regret...
We perform laboratory experiments comparing auctions with endogenous budget constraints. A principal imposes a budget limit on a bidder (an agent) in response to a principal-agent problem. In cont...
It is well known that non-random attrition can lead to bias in estimating treatmenteffects from a social experiment that is based on random assignment. If the randomized intervention suffers from non-...
This paper reports on the results of two field experiments examining the impact of providing information on how a consumer’s own electricity use translates into its monthly electricity bill on how...
Widespread participation of retail electricity consumers in short-term wholesale electricity markets throughout the United States is rapidly becoming technologically feasible. A number of juri...
This paper analyzes the results of a critical peak pricing (CPP) experiment involving 123 residential customers of the City of Anaheim Public Utilities (APU) over the period June 1, 2005 to October ...
T has steadily increased since the early 1980s, from 4.5 percent in 1982 to 5.6 percent in 1994, with this then rapidly accelerating to 10.1 percent by he share of U.S. healthcare spending accounted f...
In the voluminous academic literature and public policy discourse on how health the voluminous academic literature and public policy discourse on how health insurance affects medical spending, the f...
The welfare impact of expanding access to bank accounts depends on whether accounts crowd out pre-existing financial relationships, or whether private gains from accounts are shared within socia...
A rising share of employees now regularly engage in working from home (WFH), but there are concerns this can lead to “shirking from home.”We report the results of a WFH experiment at Ctrip, a 16,000-e...

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