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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 …
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. We report a series of first-price auction experiments to measure the degree of inefficiency that occurs with financially …
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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:...
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In this paper we introduce a new type of experiment that combines the advantages of lab and field experiments. The … experiment is conducted in the lab but using an unchanged market environment from the real world. Moreover, a subset of the … experiment to study seller behavior in online auctions with a Buy-It-Now feature, where early potential bidders have the …
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