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. In the preparation of the auction, two designs involving each a hybrid of an English and a sealed-bid auction were … suggested by the government: a discriminatory and a uniform price variant. We report an experiment on these two designs, and … also compare the results to those with a pure English auction. Both hybrids are similar in efficiency, revenue differences …
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The behavioural approach can be applied to both the design of an auction as well as to the implementation of a bidding … strategy. This paper reports a case study in which we assisted a bidder in the German DCS1800 auction in the preparation for …
Persistent link: https://www.econbiz.de/10001714776
the theoretical benchmark with behavior observed in a one-shot experiment. …
Persistent link: https://www.econbiz.de/10011997551
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A recent debate raises the question whether market interaction erodes social responsibility. In an experiment, we …
Persistent link: https://www.econbiz.de/10011308486
benchmark is tested in an experiment. Furthermore, we provide the first clean one-shot experimental test of the Lazear and Rosen … (1981) tournament model. In a second experiment, we investigate the effectiveness of corporate value statements to encourage …
Persistent link: https://www.econbiz.de/10010457828
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rather than weakness. We test and confirm Schelling's conjecture in a simple take-it-or-leave bargaining experiment where the …
Persistent link: https://www.econbiz.de/10009371183
We investigate the influence of two widespread compensation schemes, individual piece-rates and team incentives, on participants' inclination to lie, by adapting the experimental setup of Fischbacher and Heusi (2008). Lying turns out to be more pronounced under team incentives than under...
Persistent link: https://www.econbiz.de/10009294841