Shahrabani, Shosh; Benzion, Uri; Shavit, Tal - In: Judgment and Decision Making 3 (2008) February, pp. 153-161
Theoretical equivalence exists among various auction mechanisms, specifically the Second-Price-Auction (SPA), a competitive environment, and the BDM mechanism, a non-competitive environment. Yet, empirical studies suggest that behavior in these mechanisms may diverge. Our experimental study...
