Güth, Werner; Ivanova-Stenzel, Radosveta; Wolfstetter, … - 2001
We review an asymmetric auction experiment. Based on Plum (1992) private valuations of the two bidders are … independently drawn from distinct but commonly known distributions, one of which stochastically dominating the other. We test the … the strong and then test bidders’ preference for first- vs. second–price auctions. -- Experiments ; Sealed Bid Auctions …