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This paper investigates fund-raising mechanisms based on a prize as a way to overcome free riding in the private provision of public goods, under the assumptions of income heterogeneity and incomplete information about income levels. We compare experimentally the performance of a lottery, an...
Persistent link: https://www.econbiz.de/10005198704
This paper investigates fund-raising mechanisms based on a prize as a way to overcome free riding in the private provision of public goods, under the assumptions of income heterogeneity and incomplete information about income levels. We compare experimentally the performance of a lottery, an...
Persistent link: https://www.econbiz.de/10005807944
This paper investigates single and multiple prize contests as incentive mechanisms for the private provision of public goods, under the assumptions of income heterogeneity and incomplete information about income levels. We compare experimentally a one-prize contest with a three-prize contest in...
Persistent link: https://www.econbiz.de/10005685682
This paper investigates fund-raising mechanisms based on a prize as a way to overcome free riding in the private provision of public goods, under the assumptions of income heterogeneity and incomplete information about income levels. We compare experimentally the performance of a lottery, an...
Persistent link: https://www.econbiz.de/10005750756
mechanism than the customer-initiated auction. When voting between the two auctions, participants tended to favor the server …
Persistent link: https://www.econbiz.de/10011288412
We experimentally examine the effectiveness of a leniency program against bidding rings in two commonly used auctions …
Persistent link: https://www.econbiz.de/10008531423
The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of … likely to affect the bidding behavior in first-price (but not second-price) auctions. We test experimentally a setup in which … collusion in first-price and second-price auctions. Furthermore, failed collusion attempts distort the bidding behavior in the …
Persistent link: https://www.econbiz.de/10010472820
If a government auctions the right to market a good, continuity is likely to be of significant importance. In a …
Persistent link: https://www.econbiz.de/10011383054
activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while … effects, the latter has the upper hand; average bids decrease monotonically over the consecutive auctions. Since repetition …
Persistent link: https://www.econbiz.de/10011932593
Winners in online auctions frequently fail to complete purchases. Major auction platforms therefore allow "second …
Persistent link: https://www.econbiz.de/10012237211