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unrestricted pre-play communication. The second one enables bidders to restrict their bidding range and the last one gives them the …
Persistent link: https://www.econbiz.de/10005765106
We report the results of an experimental study that compares voting mechanisms in the provision of public goods. Subjects can freely decide how much they want to contribute. Whether the public good is finally provided is decided by a referendum under full information about all contributions. If...
Persistent link: https://www.econbiz.de/10005765208
Bidding challenges learning theories since experiences for the same bid vary stochastically: the same choice can result …
Persistent link: https://www.econbiz.de/10005588009