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Designing contests between heterogeneous contestants : an experimental study of tie-breaks and bid-caps in all-pay auctions
Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2016
in an experiment. Our data show that indeed, strengthening weaker contestants through tie-breaks and bid …
Persistent link: https://www.econbiz.de/10011489403
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Vickrey auction vs BDM : difference in bidding behaviour and the impact of other-regarding motives
Flynn, Niall; Kah, Christopher; Kerschbamer, Rudolf - 2015
In an experiment we first elicit the distributional preferences of subjects and then let them bid for a lottery, either …
Persistent link: https://www.econbiz.de/10011404058
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Knowing me, imagining you : projection and overbidding in auctions
Breitmoser, Yves - 2017
Overbidding in auctions has been attributed to e.g. risk aversion, loser regret, level-k, and cursedness, relying on varying identifying assumptions. I argue that "type projection" organizes these findings and largely captures observed behavior. Type projection formally models that people tend...
Persistent link: https://www.econbiz.de/10011698267
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Auctions and leaks : a theoretical and experimental investigation
Fischer, Sven; Güth, Werner; Kaplan, Todd R.; Zultan, Ro'i - 2017 - Revised Version of JERP 2014-027
In first- and second-price private value auctions with sequential bidding, second movers may discover the first movers’ bid. Equilibrium behavior in the first-price auction is mostly unaffected but there are multiple equilibria in the second- price auction. Consequently, comparative statics...
Persistent link: https://www.econbiz.de/10011738563
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Inefficiency in private value bargaining with naive players : an experimental study
Possajennikov, Alexandre; Saran, Rene - 2018
The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting … no equilibrium achieving full efficiency. In the experiment, we vary the proportion of naive traders by introducing … computerized players. We find that full efficiency is not achieved in the experiment with or without naive traders, and efficiency …
Persistent link: https://www.econbiz.de/10011852503
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Designing contests between heterogeneous contestants : an experimental study of tie-breaks and bid-caps in all-pay auctions
Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2016
in an experiment. Our data show that indeed, strengthening weaker contestants through tie-breaks and bid …
Persistent link: https://www.econbiz.de/10011472073
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Designing contests between heterogeneous contestants : an experimental study of tie-breaks and bid-caps in all-pay auctions
Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2016
in an experiment. Our data show that indeed, strengthening weaker contestants through tie-breaks and bid …
Persistent link: https://www.econbiz.de/10011473683
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Designing contests between heterogeneous contestants : an experimental study of tie-breaks and bid-caps in all-pay auctions
Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2016
in an experiment. Our data show that indeed, strengthening weaker contestants through tie-breaks and bid …
Persistent link: https://www.econbiz.de/10011473887
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Endowment Effects in Contests
Sheremeta, Roman M. - 2011
given a large per-experiment endowment rather than when the endowment is given per-period. Risk-aversion and non …
Persistent link: https://www.econbiz.de/10013130475
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Understanding Overbidding in Second Price Auctions : An Experimental Study
Cooper, David J.; Fang, Hanming - 2008
This paper presents results from a series of second price private value auction (SPA) experiments in which bidders are either given for free, or are allowed to purchase, noisy signals about their opponents' value. Even though theoretically such information about opponents' value has no strategic...
Persistent link: https://www.econbiz.de/10014059646