This paper investigates private-value `reserve price' auctions when there is a strong bidder in an n-bidder model. Consider an auction model, in which bidders draw their values from the same distribution, but then identity of the high-value bidder is revealed. This can be more plausible than the...

Landberger et al. (2001) identified optimal bidder behavior in first- price private-value auctions when the ranking of valuations is common knowledge, and derived comparative-statics predictions regarding the auctioneer’s expected revenue and the efficiency of the allocation. The experiment...

This paper reports an experiment involving two mechanisms that allocate a single unit of an indivisible private good among two players, at no cost to either of them. Both mechanisms, proposed by Moore (1992) and Perry and Reny (1999), are compared in terms of their relative performance to assign...

type="main" xml:id="ecin12106-abs-0001" In this article, we use an experiment to evaluate the performance of alternative refinements in a Myersonian link formation game with a supermodular payoff function. Our results show that a non-cooperative refinement, the global games (GG) approach,...

Through an estimation of an implicit point system, we try to infer some of the principles used by a medical team in the allocation of kidneys for transplantation in Mexico. Results indicate that criteria linked to principles of medical efficiency and of position in the waiting list fundamentally...

In this document we present the first results of a survey, as part of an empirical study conducted with the objetive of analyzing the relationship between individuals´ levels of confidence on institutions and people with whom they interact, the composition of their social networks and how they...

In this article we analyze how different characteristics of a social network are associated to different types of resources required by the individuals that constitute the network and their objectives. To attain this goal, we develop and conduct a survey, using random sampling, in a...

The general purpose of the present document is to analyze the role of several social networks into financial development. In concrete, we have the hypothesis that in locations where closed social networks with family and friends prevail, financial transactions of saving and credit are not only...

We study the relationship between information acquisition and trust in financial decision making. A field experiment with a variation of the trust game was conducted with the partners of a financial cooperative located in a Mexican rural area. Individuals who frequently visit friends are more...