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On Inferring Demand for Health Care in the Presence of Anchoring, Acquiescence, and Selection Biases
Bhattacharya, Jay - 2010
In the contingent valuation literature, both anchoring and acquiescence biases pose problems when using an iterative bidding game to infer willingness to pay. Anchoring bias occurs when the willingness to pay estimate is sensitive to the initially presented starting value. Acquiescence bias...
Persistent link: https://www.econbiz.de/10012759461
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Winning Play in Spectrum Auctions
Bulow, Jeremy; Levin, Jonathan; Milgrom, Paul R. - 2021
We describe factors that make bidding in large spectrum auctions complex -- including exposure and budget problems, the role of timing within an ascending auction, and the possibilities for price forecasting -- and how economic and game-theoretic analysis can assist bidders in overcoming these...
Persistent link: https://www.econbiz.de/10013229378
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Competitive Equilibrium in Markets for Votes
Casella, Alessandra - 2010
We develop a competitive equilibrium theory of a market for votes. Before voting on a binary issue, individuals may buy …
Persistent link: https://www.econbiz.de/10013138767
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Naturally Occurring Markets and Exogenous Laboratory Experiments : A Case Study of the Winner's Curse
Harrison, Glenn W. - 2010
from the field context of the task that theory purports to explain. Using common value auction theory as our guide, we … identify naturally occurring settings in which one can test the theory. In our treatments the subjects are not picked at random … conclude that the theory predicts field behavior well when one is able to identify naturally occurring field counterparts to …
Persistent link: https://www.econbiz.de/10012760103
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Last Minute Bidding and the Rules for Ending Second-Price Auctions : Theory and Evidence from a Natural Experiment on the Internet
Roth, Alvin E.; Ockenfels, Axel - 2021
have a fixed end time. A natural experiment is available because the auctions on Amazon, while operating under otherwise …
Persistent link: https://www.econbiz.de/10013247196
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Choice Screen Auctions
Ostrovsky, Michael - 2022
Choice screen auctions have been recently deployed in 31 European countries, allowing consumers to choose their preferred search engine on Google's Android platform instead of being automatically defaulted to Google's own search engine. I show that a seemingly minor detail in the design of these...
Persistent link: https://www.econbiz.de/10014090768
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Are Protests Games of Strategic Complements or Substitutes? Experimental Evidence from Hong Kong's Democracy Movement
Cantoni, Davide - 2017
substitutability. We conduct the first field experiment directly manipulating individuals' beliefs about others' protest participation …
Persistent link: https://www.econbiz.de/10012964391
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Voluntary Public Goods Provision, Coalition Formation, and Uncertainty
Burger, Nick - 2009
coalitions to provide public goods. Theory is ambiguous on the equilibrium coalition size and contribution rates. We examine the …
Persistent link: https://www.econbiz.de/10013153581
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Social Interactions in Pandemics : Fear, Altruism, and Reciprocity
Alfaro, Laura - 2020
In SIR models, infection rates are typically exogenous, whereas individuals adjust their behavior in reality. City-level data across the globe suggest that mobility falls in response to fear, proxied by Google searches. Incorporating experimentally validated measures of social preferences at the...
Persistent link: https://www.econbiz.de/10012834459
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Cheap Talk and Coordination in the Lab and in the Field : Collective Commercialization in Senegal
Aflagah, Fo Kodjo Dzinyefa - 2020
Coordination is central to social interactions. Theory and conventional lab experiments suggest that cheap talk …
Persistent link: https://www.econbiz.de/10012840413