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Bidding to give in the Field: Door-to-Door Fundraisers had it right from the Start
Onderstal, Sander; Schram, Arthur J.C.; Soetevent, … - Tinbergen Instituut - 2011
. We approached about 4500 households, each participating in either an all-pay auction, a lottery, a non …-pay auction and the lottery. Although the all-pay auction is the superior fundraising mechanism both in theory and in the … anomaly. First, participation in the all-pay auction is substantially lower than in the other mechanisms while the average …
Persistent link: https://www.econbiz.de/10011255620
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Emotions and Economic Shocks in a First-Price Auction
Bosman, Ronald; Riedl, Arno - Tinbergen Instituut - 2003
We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we … confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation … between emotions andbidding behavior in a second auction series. Our main results are: (i) the economic shock has asubstantial …
Persistent link: https://www.econbiz.de/10011255774
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Inverse Adverse Selection: The Market for Gems
Dari-Mattiacci, Giuseppe; Onderstal, Sander; Parisi, … - Tinbergen Instituut - 2011
This paper studies markets plagued with asymmetric information on the quality of traded goods. In Akerlof's setting, sellers are better informed than buyers. In contrast, we examine cases where buyers are better informed than sellers. This creates an inverse adverse selection problem: The market...
Persistent link: https://www.econbiz.de/10011256127
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Auctions under Payoff Uncertainty: The Case with Heterogeneous Bidder-Aversion to Downside Risk
Hu, Audrey; Zou, Liang - Tinbergen Institute - 2008
This paper characterizes the optimal first-price auction (FPA) and second-price auction (SPA) for selling rights …
Persistent link: https://www.econbiz.de/10005136943
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Emotions and Economic Shocks in a First-Price Auction
Bosman, Ronald; Riedl, Arno - Tinbergen Institute - 2003
We investigate experimentally whether emotions affect bidding behavior in a first price auction. To induce emotions, we … confront subjects after a first auction series with a positive or negative random economic shock. We then explore the relation … between emotions and bidding behavior in a second auction series. Our main results are: (i) the economic shock has a …
Persistent link: https://www.econbiz.de/10005137109
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Properties of Scoring Auctions
Asker, John; Cantillon, Estelle - C.E.P.R. Discussion Papers - 2004
This Paper studies scoring auctions, a procedure commonly used to buy differentiated products: suppliers submit offers on all dimensions of the good (price, level of non monetary attributes), and these are evaluated using a scoring rule. We provide a systematic analysis of equilibrium behaviour...
Persistent link: https://www.econbiz.de/10005497976
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Bidding to give in the Field: Door-to-Door Fundraisers had it right from the Start
Onderstal, Sander; Schram, Arthur J.C.; Soetevent, … - Tinbergen Institute - 2011
approached about 4500 households, each participating in either an all-pay auction, a lottery, a non-anonymous voluntary … contribution mechanism (VCM), or an anonymous VCM. In contrast to the VCMs, households competed for a prize in the all-pay auction … and the lottery. Although the all-pay auction is the superior fundraising mechanism both in theory and in the laboratory …
Persistent link: https://www.econbiz.de/10009003388
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Inverse Adverse Selection: The Market for Gems
Dari-Mattiacci, Giuseppe; Onderstal, Sander; Parisi, … - Tinbergen Institute - 2011
This paper studies markets plagued with asymmetric information on the quality of traded goods. In Akerlof's setting, sellers are better informed than buyers. In contrast, we examine cases where buyers are better informed than sellers. This creates an inverse adverse selection problem: The market...
Persistent link: https://www.econbiz.de/10008838639
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The Impact of the Droit de Suite in the UK: An Empirical Analysis
Banternghansa, Chanont; Graddy, Kathryn - C.E.P.R. Discussion Papers - 2009
changes in the UK auction market for art that is subject to the Droit de Suite (DDS), relative to changes for art not subject … to the DDS, and also relative to changes in the auction markets for art in countries where there has been no change in … impact on the UK art auction market. …
Persistent link: https://www.econbiz.de/10005662156
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Mixed Bundling Auctions
Jehiel, Philippe; Meyer-Ter-Vehn, Moritz; Moldovanu, Benny - C.E.P.R. Discussion Papers - 2006
. For any number of objects and bidders, both the pure bundling auction and separate, efficient auctions for the single … objects are revenue-inferior to an auction that involves mixed bundling. …
Persistent link: https://www.econbiz.de/10005667050