Combinatorial auctions are in which bids can be submitted on sets of items, rather than just individual items. These generally beneficial to both auctioneers and bidders, as they allow bidders express their synergies for In recent years, we have seen the advent combinatorial well emergence online market platforms with competing auctioneers. However, largely been absent from these platforms. Our...

Suppose you want to buy a used Canon AE-1 SLR camera and ash at an on-line auction. At last count, over 4000 links to on-line auction sites were available at advocacy-net.com. It would be quite a daunting task to manually monitor prices and make bidding decisions at all sites currently o ering the camera|especially if the ash accessory is sometimes bundled with the camera, and sometimes auction...

Title of Dissertation: ESSAYS IN BEHAVIORAL ECONOMICS: APPLYING PROSPECT THEORY TO AUCTIONS Anmol Ratan, Doctor of Philosophy, 2010 Directed By: Prof. Andreas Lange Department of Agricultural and Resource Economics I explore the implications of reference-dependent preferences in sealed-bid auctions. In the first part, I develop a Prospect theory based model to explain bidding in first-price auc...