The Impact of Information on Wine Auction Prices: Results of an Experiment.

This paper reports the results of an experimental wine auction. Participants of the experiment were randomly assigned to three rooms. In each room four wines had to be evaluated, but the level of information to which participants had access differed across rooms. After evaluation, the wines were sold sequentially, by four separate Vickrey auctions with secret reserve prices.

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Year of publication:	1999
Authors:	Lecocq, S. ; magnanc, T. ; Pichery, M.-C. ; Visser, M.
Subject:	INFORMATION \| AUCTIONS \| EXPERIMENTS

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Type of publication:	Book / Working Paper
Notes:	32 pages
Classification:	C93 - Field Experiments ; D8 - Information and Uncertainty ; D44 - Auctions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005671508