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The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting …
Persistent link: https://www.econbiz.de/10011852503
/2; if neither offer falls into the interval, there is no settlement. Comparisons are made with other bargaining mechanisms …
Persistent link: https://www.econbiz.de/10014043989
We investigate a version of the classic Colonel Blotto game in which individual battles may have different values. Two players allocate a fixed budget across battlefields and each battlefield is won by the player who allocates the most to that battlefield. The winner of the game is the player...
Persistent link: https://www.econbiz.de/10014150669
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
We study experimentally the effect of bargaining power in two sequential mechanisms that offer the possibility to trade … at a fixed price before an auction. In the “Buy-It-Now” format, the seller has the bargaining power and offers a price … effects of bargaining power on aggregate outcomes. There is, however, substantial heterogeneity within sellers. Sellers who …
Persistent link: https://www.econbiz.de/10013000430
We study experimentally the effect of bargaining power in two sequential mechanisms that offer the possibility to trade … at a fixed price before an auction. In the "Buy-It-Now" format, the seller has the bargaining power and offers a price … effects of bargaining power on aggregate outcomes. There is, however, substantial heterogeneity within sellers. Sellers who …
Persistent link: https://www.econbiz.de/10013009500
We study experimentally the effect of bargaining power in two sequential mechanisms that offer the possibility to trade … at a fixed price before an auction. In the “Buy-It-Now” format, the seller has the bargaining power and offers a price … effects of bargaining power on aggregate outcomes. There is, however, substantial heterogeneity within sellers. Sellers who …
Persistent link: https://www.econbiz.de/10013010593
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
We experimentally study the role of reputation in procurement using two common mechanisms: price-based and buyer-determined auctions. While buyers are bound to buy from the lowest bidder in price-based auctions, they can choose between bidders in buyer-determined auctions. Only in the latter...
Persistent link: https://www.econbiz.de/10010274444
collected information on the female participants' menstrual cycles. We find that women bid significantly higher than men in …
Persistent link: https://www.econbiz.de/10003878997