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In the recent literature, several hypotheses have been put forward in order to explain the decline of contributions in repeated public good games. We present results of an experiment which allows to evaluate these hypotheses. The main characteristics of our experimental design are a variation of...
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We study, theoretically and experimentally, sealed-bid first-price auctions with and without package bidding. In the …
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In premium auctions, the highest losing bidder receives a reward from the seller. This paper studies the private value …
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This paper reconsiders experimental tests of the English clock auction. We point out why the standard procedure can only use a small subset of all bids, which gives rise to a selection bias. We propose an alternative yet equivalent format that makes all bids visible, and apply it to a 'wallet...
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In procurement auctions, bidders are usually better informed about technical, financial, or legal aspects of the goods …
Persistent link: https://www.econbiz.de/10012167341