Aycinena, Diego; Baltaduonis, Rimvydas; Rentschler, Lucas - In: Experimental Economics 17 (2014) 1, pp. 100-128
In many auctions the valuation structure involves both private and common value elements. Existing experimental evidence (e.g. Goeree and Offerman in Am. Econ. Rev. 92(3):625–643, <CitationRef CitationID="CR12">2002</CitationRef>) demonstrates that first-price auctions with this valuation structure tend to be inefficient, and...</citationref>
