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Gaming in combinatorial clock auctions
Janssen, Maarten C. W.; Karamychev, Vladimir A. - 2013
Persistent link: https://www.econbiz.de/10009724816
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Cheap-talk communication in procurement auctions : theory and experiment
Onderstal, Sander; Yang, Yang - 2020
In procurement auctions, bidders are usually better informed about technical, financial, or legal aspects of the goods …
Persistent link: https://www.econbiz.de/10012167341
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Online experimental auctions
El Haji, Anouar; Lusk, Jayson L.; Mermer, Ayse; … - 2023
and services. Experimental auctions are a promising method for acquiring such information considering that they are … conduct these with a representative sample. While most research on experimental auctions relies on laboratory experiments with … students as participants, more recently, experimental auctions in the field have become increasingly important. In this paper …
Persistent link: https://www.econbiz.de/10014390433
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Coordination of expectations in asset pricing experiments
Hommes, Cars H.; Sonnemans, Joep; Tuinstra, Jan; … - 2003
We investigate expectation formation in a controlled experimental en-vironment. Subjects are asked to predict the price in a standard asset pricingmodel. They do not have knowledge of the underlying market equilibrium equa-tions, but they know all past realized prices and their own predictions....
Persistent link: https://www.econbiz.de/10011333274
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Experimental public choice
Schram, Arthur - 2002
A review is given of the use of laboratory experiments in the Public Choice literature. A distinction is made in experiments on public goods, participation games, rent-seeking and lobbying, and spatial voting.
Persistent link: https://www.econbiz.de/10011327841
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Behaviorally rational expectations and almost self-fulfilling equilibria
Hommes, Cars H. - 2013
Rational expectations assumes perfect, model consistency between beliefs and market realizations. Here we discuss behaviorally rational expectations, characterized by an observable, parsimonious and intuitive form of consistency between beliefs and realizations. We discuss three case-studies....
Persistent link: https://www.econbiz.de/10010227365
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Information and strategic voting
Tyszler, Marcelo; Schram, Arthur - 2011
We theoretically and experimentally study voter behavior in a setting characterized by plurality rule and mandatory voting, where voters choose from three options. We are interested in the occurrence of strategic voting in an environment where Condorcet cycles may occur. In particular, we focus...
Persistent link: https://www.econbiz.de/10011383055
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Understanding contract audits : an experimental approach
Bertrand, Robert M. M.; Schram, Arthur; Vaassen, Eddy H. J. - 2011
Contract audits aimed at reducing information asymmetry and transaction costs are frequently used in imperfect markets such as defense procurement. This contradicts predictions from standard economic theory. We conduct a laboratory experiment to investigate this paradox. Our laboratory setup...
Persistent link: https://www.econbiz.de/10011383168
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Can communication mitigate strategic delays in investment timing?
Mermer, Ayse; Onderstal, Sander; Sonnemans, Joep - 2023
In economic environments, decision-makers can strategically delay irreversible investments to learn from the actions of others. This creates free-riding incentives and can lead to socially suboptimal outcomes. We experimentally examine if and how communication mitigates this free-riding problem...
Persistent link: https://www.econbiz.de/10014299600
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The unique-lowest sealed-bid auction
Houba, Harold; Laan, Dinard van der; Veldhuizen, Dirk - 2008
Unique-lowest sealed-bid auctions are auctions in which participation is endogenous and the winning bid is the lowest … bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in pure and mixed strategies. The two …
Persistent link: https://www.econbiz.de/10011374396