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This paper considers the sealed bid and ascending auction, which both identifies the minimum Walrasian equilibrium prices and where truthful preference revelation constitutes an equilibrium. Even though these auction formats share many theortical properties, there are behavioral aspects that are...
Persistent link: https://www.econbiz.de/10009323347
This paper tests the insiders' dilemma hypothesis in a laboratory experiment. The insiders' dilemma means that a … rather than exogenous merger theory. More surprisingly, our data suggests that fairness considerations also make profitable …
Persistent link: https://www.econbiz.de/10005645424