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Lower price increases, the bounded rationality of bidders, and underbidding concerns in online agricultural land auctions : the Ukrainian case
Myrna, Olena - In: Journal of agricultural economics : JAE 73 (2022) 3, pp. 826-844
Persistent link: https://www.econbiz.de/10013384825
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Sequential auctions with budget constraints : evidence from fantasy basketball auction drafts
Boudreau, James W.; Shunda, Nicholas - In: Journal of behavioral and experimental economics 62 (2016), pp. 8-22
Persistent link: https://www.econbiz.de/10011640288
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Heterogeneous bids in auctions with rational and markdown bidderstheory and experiment
Kirchkamp, Oliver; Reiss, J. Philipp - 2008
We present results from a series of experiments that allow us to measure overbidding and, in particular, underbidding … in first-price auctions. We investigate how the amount of underbidding depends on seemingly innocent parameters of the …
Persistent link: https://www.econbiz.de/10010276381
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Bid pooling in reverse multi-unit Dutch auctions : an experimental investigation
Gillen, Philippe; Rasch, Alexander; Wambach, Achim; … - In: Theory and decision : an international journal for … 81 (2016) 4, pp. 511-534
Persistent link: https://www.econbiz.de/10011594130
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The loser's bliss in auctions with price externality
Haruvy, Ernan; Popkowski Leszczyc, Peter T. L. - In: Games 6 (2015) 3, pp. 191-213
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:...
Persistent link: https://www.econbiz.de/10011316603
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Spite vs. risk : explaining overbidding
Kirchkamp, Oliver; Mill, Wladislaw - 2019
overbidding in auctions. As a workhorse we use the second-price all-pay and the first-price winner-pay auction. Both risk and …In this paper we use an experiment to compare a theory of risk aversion and a theory of spite as an explanation for …. Indeed, we find that spite is a more convincing explanation for bidding behavior for the second-price all-pay auction. Not …
Persistent link: https://www.econbiz.de/10012002983
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Overbidding and heterogeneous behavior in contest experiments : a comment on the endowment effect
Chowdhury, Subhasish M.; Moffatt, Peter G. - In: Journal of economic surveys 31 (2017) 2, pp. 572-576
Persistent link: https://www.econbiz.de/10011757565
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Overbidding and heterogeneous behavior in contest experiments : a meta-comment on cross-cultural differences
Chowdhury, Subhasish M.; Marini, Matteo M. - In: Journal of behavioral and experimental economics 110 (2024), pp. 1-5
Persistent link: https://www.econbiz.de/10014549502
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Overbidding in electronic auctions : factors influencing the propensity to overbid and the magnitude of overbidding
Feng, Cong; Fay, Scott; Sivakumar, K. - In: Journal of the Academy of Marketing Science 44 (2016) 2, pp. 241-260
Persistent link: https://www.econbiz.de/10011453228
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Does the absence of human sellers bias bidding behavior in auction experiments?
Bartling, Björn; Gesche, Tobias; Netzer, Nick - 2016
second-price auctions. Overbidding is a robust finding in second- price auctions, and spite among bidders has been advanced … as an explanation. If spite extends to the seller, then the absence of human sellers who receive the auction revenue may … where bidders have preferences regarding both, the payoffs of other bidders and the seller's revenue. Overbidding is optimal …
Persistent link: https://www.econbiz.de/10011456510