This review provides a critical survey of psychology-and-economics (“behavioral-
economics”) research in contract theory. First, I introduce the theories of individual decision …

In this paper, we review recent advances in experimental auctions and provide practical
advice and guidelines for researchers. We focus on issues related to randomisation to …

Research on emotions suggests that auction outcomes may elicit an aversive “frustration of
losing” as well as a rewarding “joy of winning” response. However, little is known about the …

Behavioral robustness is essential in mechanism design. Existing papers focus on
robustness as captured by dominant strategies. This paper studies the novel concept of …

We study the impact of spectrum auction design on the prices paid by telecommunications
operators for two decades across 85 countries. Our empirical strategy combines information …

This study investigates the impact of incidental happiness associated with the outcome of
the Dutch national soccer championship on charitable giving shortly after the decisive …

The paper models auctions with bidders who have reference dependent preferences and
who may be loss averse. The endogenous reference point is defined as either the ex-ante or …

This paper provides a link between the structural approach of econometrics of auctions with
the stochastic frontier literature in an effort to model excess bidding behaviour. The new …

In experimental partnership dissolution problems with complete information, the divide-and-
choose mechanism is significantly superior to the winner's-bid auction. The performance of …

This proof-of-concept study aimed to test whether competition could be a useful tool to
increase intensity and amount of self-directed training in neurorehabilitation. Stroke patients …