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~institution:"University of Bonn, Germany"
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Auction game
1
Bid rent equilibrium
1
Experimental economics
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Land auctions
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Residential location
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anonymity
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bid-ask spreads
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bidding theory
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computerized competitors
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first-price sealed-bid auctions
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floor trading
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independent private value model
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price improvement
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risk aversion
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Kamecke, Ulrich
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Neugebauer, Tibor
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Selten, Reinhard
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Theissen, Erik
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University of Bonn, Germany
Inter-American Development Bank
116
Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
19
Banco Interamericano de Desarrollo (BID)
17
National Bureau of Economic Research
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C.E.P.R. Discussion Papers
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Université Paris-Dauphine (Paris IX)
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EconWPA
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Department of Economics, University of California-San Diego (UCSD)
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International Monetary Fund (IMF)
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Tinbergen Instituut
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HAL
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Banco Interamericano de Desenvolvimento (BID)
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Department of Economics, Oxford University
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HEC Paris (École des Hautes Études Commerciales)
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Inter-American Development Bank (IDB)
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Sonderforschungsbereich 373, Quantifikation und Simulation ökonomischer Prozesse, Wirtschaftswissenschaftliche Fakultät
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Agricultural and Applied Economics Association - AAEA
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Barcelona Graduate School of Economics (Barcelona GSE)
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Center for Financial Studies
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Collegio Carlo Alberto, Università degli Studi di Torino
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Centre for Economic Policy Research
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Centre for Industrial Economics (CIE), Økonomisk Institut
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Cowles Foundation for Research in Economics, Yale University
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Bonn Econ Discussion Papers
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1
Individual Behavior of First-Price Sealed-
Bid
Auctions: The Importance of Information Feedback in Experimental Markets
Neugebauer, Tibor
;
Selten, Reinhard
-
University of Bonn, Germany
-
2002
This article reports the results of a first-price sealed-
bid
auction experiment, which has been designed to test the … experiments of revealing only the winning
bid
after each auction. By means of learning direction theory we explain the individual …
Persistent link: https://www.econbiz.de/10004968447
Saved in:
2
Trader Anonymity, Price Formation and Liquidity
Theissen, Erik
-
University of Bonn, Germany
-
2002
the specialist's profit. Further, the quote adjustment following transactions at the quoted
bid
or ask price is more …
Persistent link: https://www.econbiz.de/10004968450
Saved in:
3
Mean-City a consistent approximation of
bid
rent equilibria
Kamecke, Ulrich
-
University of Bonn, Germany
-
1987
Persistent link: https://www.econbiz.de/10004993078
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