Showing 1 - 10 of 2,507
In this paper we present a new improved design for multiobject auctions and report on the results of experimental tests …
Persistent link: https://www.econbiz.de/10009208848
Indian Premier League organized sequential single-item auctions to allocate 77 cricketers to eight teams that participated in …
Persistent link: https://www.econbiz.de/10011106400
repo auctions. However, whenever interest rates are expected to decline, the minimum bid rate is viewed as too high and …, we perform a panel analysis of the bidder behavior in the repo auctions of the Bundesbank where no minimum bid rate was …
Persistent link: https://www.econbiz.de/10005083079
In practice, the rules in most open English auctions require participants to raise bids by a sizeable, discrete amount … bidder aggressiveness they will encounter in actual auctions. We also examine how these strategies change with the auction … bidding. Our model examines open English auctions where bidders have independent, private valuations. We find that discrete …
Persistent link: https://www.econbiz.de/10008787861
The recent literature suggests that people have social preferences with a self-serving bias. Our data analysis reveals that the stylized fact of declining cooperation in repeated public goods experiments results from this bias and adaptation.
Persistent link: https://www.econbiz.de/10005125603
In the recent literature, several hypotheses have been put forward in order to explain the decline of contributions in repeated public good games. We present results of an experiment which allows to evaluate these hypotheses. The main characteristics of our experimental design are a variation of...
Persistent link: https://www.econbiz.de/10005818877
We study, theoretically and experimentally, sealed-bid first-price auctions with and without package bidding. In the …
Persistent link: https://www.econbiz.de/10010588269
We propose the clock-proxy auction as a practical means for auctioning many related items. A clock auction phase is followed by a last-and-final proxy round. The approach combines the simple and transparent price discovery of the clock auction with the efficiency of the proxy auction. Linear...
Persistent link: https://www.econbiz.de/10004988791
A comprehensive book on combinatorial auctions?auctions in which bidders can bid on packages of items. The book … by Vernon Smith, an introduction to combinatorial auctions, and twenty-three cross-referenced chapters in five parts … testing the performance of combinatorial auctions, including simulation and experiment. Part V considers four important …
Persistent link: https://www.econbiz.de/10004997796
analysis of several administrative measures, congestion pricing options and slot auctions. The research output includes a …
Persistent link: https://www.econbiz.de/10004997816