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The High/Low Divide: Self- Selection by Values in Auction Choice
Ivanova-Stenzel, Radosveta; Salmon, Timothy C. - 2010
Most prior theoretical and experimental work involving auction choice has assumed bidders only find out their value … to making an auction choice impacts their choice decision and/or the outcome of the auctions. The results show a strong … impact. Subjects with low values choose the first price sealed bid auction more often while subjects with high values choose …
Persistent link: https://www.econbiz.de/10010333724
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Revenue Equivalence Revisited
Ivanova-Stenzel, Radosveta; Salmon, Timothy C. - 2006
The conventional wisdom in the auction design literature is that first price sealed bid auctions tend to make more … allowed to endogenously choose in which auction format to participate. Our findings are that more bidders choose to enter the … ascending auction than the first price sealed bid auction and this extra entry is enough to make up the revenue difference …
Persistent link: https://www.econbiz.de/10010333747
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Auctions, Market Prices and the Risk Attitude Effect
Janssen, Maarten C.W.; Karamychev, Vladimir A. - 2005
firms' risk attitudes and the fact that future market prof-its are uncertain so that winning an auction is like winning a …
Persistent link: https://www.econbiz.de/10010325283
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Allocation, externalities, and the fair division approach: an experimental study
Weiland, Torsten - 2008
We experimentally investigate four allocation mechanisms - all based on the fair division approach, with varying bid elicitation methods and price rules - in terms of their allocation efficiency, distributional effects, and regularities in individual bidding behavior. In a repeated design, an...
Persistent link: https://www.econbiz.de/10010263876
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Risk attitude, beliefs, and information in a corruption game: An experimental analysis
Berninghaus, Siegfried K.; Haller, Sven; Krüger, Tyll; … - 2012
For our experiment on corruption, we designed a coordination game to model the influence of risk attitudes, beliefs …
Persistent link: https://www.econbiz.de/10010291803
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Risk attitude, beliefs, and information in a corruption game: An experimental analysis
Berninghaus, Siegfried K.; Haller, Sven; Krüger, Tyll; … - 2010
For our experiment on corruption we designed a coordination game to model the influence of risk attitudes, beliefs, and …
Persistent link: https://www.econbiz.de/10010301733
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Incentive effects on risk attitude in small probability prospects
Lefèbvre, Mathieu; Vieider, Ferdinand M.; Villeval, … - 2009
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
Persistent link: https://www.econbiz.de/10010277023
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An Experimental Test of Precautionary Bidding
Kocher, Martin G.; Pahlke, Julius; Trautmann, Stefan T. - 2010
Auctions often involve goods exhibiting a common knowledge ex-post risk that is independent of buyers’ private values or their signals regarding common value components. Esö and White (2004) showed theoretically that ex-post risk leads to precautionary bidding for DARA bidders: Agents reduce...
Persistent link: https://www.econbiz.de/10010427591
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Inequality Aversion and Risk Attitudes
Ferrer-i-Carbonell, Ada; Ramos, Xavier - 2010
Using self reported measures of life satisfaction and risk attitudes, we empirically test whether there is a relationship between individuals inequality and risk aversion. The empirical analysis uses the German SOEP household panel for the years 1997 to 2007 to conclude that the negative effect...
Persistent link: https://www.econbiz.de/10011600914
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Parental Risk Attitudes and Children's Secondary School Track Choice
Heineck, Guido; Wölfel, Oliver - 2010
It is well known that individuals' risk attitudes are related to behavioral outcomes such as smoking, portfolio decisions, and also educational attainment, but there is barely any evidence on whether parental risk attitudes affect the educational attainment of dependent children. We add to this...
Persistent link: https://www.econbiz.de/10011600986