Showing 1 - 10 of 67
The objective of this paper is to use laboratory experiments to test the dynamic theory of free riding among the target … shareholders during a takeover attempt. We construct our experiments to reflect the dynamics of unconditional bidding suggested by …
Persistent link: https://www.econbiz.de/10011429563
Persistent link: https://www.econbiz.de/10011429888
. We report a series of first-price auction experiments to measure the degree of inefficiency that occurs with financially …
Persistent link: https://www.econbiz.de/10011303292
Persistent link: https://www.econbiz.de/10011338358
We consider auctions with price externality where all bidders derive utility from the winning price, such as charity auctions. In addition to the benefit to the winning bidder, all bidders obtain a benefit that is increasing in the winning price. Theory makes two predictions in such settings:...
Persistent link: https://www.econbiz.de/10011316603
Persistent link: https://www.econbiz.de/10009720925
Persistent link: https://www.econbiz.de/10010240253
Persistent link: https://www.econbiz.de/10010374471
In this paper we introduce a new type of experiment that combines the advantages of lab and field experiments. The … traders' experience in a real market environment influences their behavior in the lab and whether abstract lab experiments …
Persistent link: https://www.econbiz.de/10010365897
Persistent link: https://www.econbiz.de/10010249005