Auctions and Fair Division Games - a Cross-Country Bidding Experiment

This paper presents the results of experiments carried out in two countries, Bulgaria and Germany, with different allocation rules (first- vs. second-price - auction vs. fair division game). The data analysis of the sealed-bid, private value-contests compares the bid functions, some features of the bidding behavior as well as the efficiency rates and the price expectations in both countries. The main results obtained in Germany were replicated by the Bulgarian participants

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Year of publication:	2002
Authors:	Ivanova-Stenzel, Radosveta
Publisher:	[S.l.] : SSRN
Subject:	Experiment \| Auktionstheorie \| Auction theory \| Spieltheorie \| Game theory \| Gerechtigkeit \| Justice

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Extent:	1 Online-Ressource (5 p)
Type of publication:	Book / Working Paper
Language:	English
Other identifiers:	10.2139/ssrn.290579 [DOI]
Classification:	D44 - Auctions ; C92 - Laboratory; Group Behavior ; O57 - Comparative Studies of Countries
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014123171