Showing 1 - 10 of 1,056
We analyze pre and post-task confidence in an experiment in which subjects bid in multi-unit common value auctions. Subjects return for a second session, so we are able to assess how performance affects the evolution of confidence. Those with low confidence prior to the first session...
Persistent link: https://www.econbiz.de/10013090267
In a number of observed procurements, the buyer has employed an auction format that allows for a split-award outcome …-award format relative to a winner-take-all unit auction format. Model predictions are assessed with data on submitted ‘step …
Persistent link: https://www.econbiz.de/10013144802
Persistent link: https://www.econbiz.de/10011308132
Persistent link: https://www.econbiz.de/10001753251
Persistent link: https://www.econbiz.de/10002994053
Persistent link: https://www.econbiz.de/10002994270
This paper studies federal auctions for wildcat leases on the Outer Continental Shelf from 1959 to 1970. These are leases where bidders privately acquire (at some cost) noisy, but equally informative signals about the amount of oil and gas that may be present. We develop a test of equilibrium...
Persistent link: https://www.econbiz.de/10014175755
. The laboratory of our study is the recent collapse of the auction rate securities (ARS) market. Using a comprehensive … dataset constructed from auction reports and intraday transactions data on municipal ARS, we present quantitative evidence … that auction dealers acted at their own discretion as "market makers" before the market collapsed. We show that this …
Persistent link: https://www.econbiz.de/10014179447
A bidding rotating savings and credit association (Rosca) is modeled as a sequence of symmetric-independent-private-value auctions with price-proportional benefits to bidders. We estimate a structural econometric model which, by introducing an altruistic component into each bidder's utility...
Persistent link: https://www.econbiz.de/10014085911
This online appendix contains the plots and supplemental descriptions for "Are Estimates of Asymmetric First-Price Auctions Credible? Semi- & Nonparametric Analyses."The paper "Are Estimates of Asymmetric First-Price Auctions Credible? Semi- & Nonparametric Analyses" to which this Supplement...
Persistent link: https://www.econbiz.de/10012973476