Brocas, Isabelle; Carrillo, Juan D.; Castro, Manuel - In: Journal of Economic Behavior & Organization 109 (2015) C, pp. 26-40
We study in the laboratory a series of first price sealed bid auctions of a common value good. Bidders face three types of information: private information, public information and common uncertainty. Auctions are characterized by the relative size of these three information elements. Only half...