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Risk, reward and uncertainty in buyer-seller transactions : the seller's view on combining posted prices and auctions
Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2023
bias. Furthermore, the paper explores the role of information and bargaining power on behavior and profit prospects in Buy …
Persistent link: https://www.econbiz.de/10014477420
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Emotions and Economic Shocks in a First-Price Auction
Bosman, Ronald; Riedl, Arno - 2003
We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation between emotions andbidding behavior in a second...
Persistent link: https://www.econbiz.de/10010324866
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Buy-It-Now prices in eBay Auctions - The Field in the Lab
Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2010
the information about agents provided by the eBay market institution and their behavior. Information about buyers is … correlated with their deviation from true value bidding. Sellers respond strategically to this information when deciding on their … Buy-It-Now prices. Thus, our results highlight potential economic consequences of information publicly available in …
Persistent link: https://www.econbiz.de/10010333716
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Buy-it-now prices in eBay auctions : the field in the lab
Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2010
the information about agents provided by the eBay market institution and their behavior. Information about buyers is … correlated with their deviation from true value bidding. Sellers respond strategically to this information when deciding on their … Buy-It-Now prices. Thus, our results highlight potential economic consequences of information publicly available in …
Persistent link: https://www.econbiz.de/10003935655
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Emotions and economic shocks in a first-price auction
Bosman, Ronald; Riedl, Arno - 2003
We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation between emotions andbidding behavior in a second...
Persistent link: https://www.econbiz.de/10011333886
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The impact of the irrelevant : temporary buy-options and bidding behavior in auctions
Peeters, Ronald; Strobel, Martin; Vermeulen, Dries; … - In: Games 7 (2016) 1, pp. 1-19
With a laboratory experiment, we study the impact of buy-options and the corresponding buy-price on revenues and bidding behavior in (online) proxy-auctions with independent private valuations. We show that temporary buy-options may reduce revenues for two reasons: At low buy-prices, the...
Persistent link: https://www.econbiz.de/10011453215
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Auction mechanisms and bidder collusion : bribes, signals and selection
Llorente-Saguer, Aniol; Zultan, Ro’i - 2014 - This version: November 20, 2014
neglects the effects of failed collusion attempts. In such contingencies, information revealed in the negotiation process is … likely to affect the bidding behavior in first-price (but not second-price) auctions. We test experimentally a setup in which … collusion is possible, but negotiations often break down and information is revealed in an asymmetric way. The existing …
Persistent link: https://www.econbiz.de/10010472820
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Auctions and leaks : a theoretical and experimental investigation
Fischer, Sven Heiko; Güth, Werner; Kaplan, Todd R.; … - 2014 - This version: November 5, 2014
We study first- and second-price private value auctions with sequential bidding where second movers may discover the first movers bids. There is a unique equilibrium in the first-price auction and multiple equilibria in the second-price auction. Consequently, comparative statics across price...
Persistent link: https://www.econbiz.de/10010433909
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The Visible Hand : Finger Ratio (2D:4D) and Competitive Bidding
Pearson, Matthew - 2011
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we scan also the right hand of each subject. We study how the ratio of the length of the index and ring fingers (2D:4D) of the right hand, a measure of prenatal hormone exposure, is...
Persistent link: https://www.econbiz.de/10013134493
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Learning and the Possibility of Losing Own Money Reduce Overbidding : Delayed Payment in Experimental Auctions
Zhang, Yu Yvette - 2017
In this study, we designed a delayed payment mechanism in laboratory second price auctions (SPAs) under which subjects received a cash endowment two weeks after the experiment day and had to use their own money to pay the experimental loss (if any) on the experiment day. We compared the effect...
Persistent link: https://www.econbiz.de/10012971336