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We analyze data from hundreds of auctions from three field silent auction sessions. We focus on the descriptive statistics and on a parametric model of jump bidding. We then report data from six laboratory sessions of silent auctions. As a controlled environment, this allows us to evaluate the...
Persistent link: https://www.econbiz.de/10005568339
type="main" xml:id="ecin12087-abs-0001" <title type="main">Abstract</title> We experimentally investigate behavior in a bilateral oligopoly using a supply function equilibria model discussed by Klemperer and Meyer (1989), Hendricks and McAfee (2010), and Malueg and Yates (2009). We focus on the role that market size and...
Persistent link: https://www.econbiz.de/10011153241