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49
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ECONIS (ZBW)
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1
Uniform vs. Discriminatory Auctions with Variable Supply - Experimental Evidence
Damianov, Damian S.
;
Oechssler, Jörg
;
Becker, Johannes Gerd
-
2007
In the variable supply auction considered here, the seller decides how many costumers with unit demand to serve after observing their bids. Bidders are uncertain about the seller's cost. We experimentally investigate whether a uniform or a discriminatory price auction is better for the seller in...
Persistent link: https://www.econbiz.de/10011422172
Saved in:
2
Voting rules and endogenous trading institutions: An experimental study
Søberg, Morten
-
2002
This paper reports on recurring laboratory elections in which buyers and sellers choose institutional rules to govern a subsequent trading round. The bid auction (buyers propose prices), offer auction (sellers suggest prices) and double auction (both trader types initiate price quotes) make up...
Persistent link: https://www.econbiz.de/10010284388
Saved in:
3
Fairness and Reciprocity in the Hawk-Dove Game
Neugebauer, Tibor
;
Poulsen, Anders
;
Schram, Arthur J.H.C.
-
2002
We study fairness and reciprocity in a Hawk-Dove game. This alllows us to testvarious models in one framework. We observe a large extent of selfish and rationalbehavior. Our results are inconsistent with leading models in this field.
Persistent link: https://www.econbiz.de/10010324979
Saved in:
4
Sex hormones and competitive bidding
Schipper, Burkhard
-
2012
. Surprisingly, we have null findings for testosterone as well as estradiol and cortisol. Controlling for
risk
aversion does not … ; Gender ; Competition ; Aggression ; Dominance ;
Risk
-taking ; Endocrinological economics …
Persistent link: https://www.econbiz.de/10009544159
Saved in:
5
Uniform vs. discriminatory auctions with variable supply : experimental evidence
Damianov, Damian Stefanov
;
Oechssler, Joerg
;
Becker, …
-
2007
In the variable supply auction considered here, the seller decides how many costumers with unit demand to serve after observing their bids. Bidders are uncertain about the seller's cost. We experimentally investigate whether a uniform or a discriminatory price auction is better for the seller in...
Persistent link: https://www.econbiz.de/10003592986
Saved in:
6
Decentralized Computation Procurement and Computational Robustness in a Smart Market
Brewer, Paul J.
-
1999
Several 'smart market' mechanisms have recently appeared in the literature. These mechanisms combine a computer network that collects bids from agents with a central computer that selects a schedule of bids to fill based upon maximization of revenue or trading surplus. Potential problems exist...
Persistent link: https://www.econbiz.de/10014206928
Saved in:
7
Menstrual cycle and competitive bidding
Pearson, Matthew
;
Schipper, Burkhard
-
2009
-
Rev.
; menstrual cycle ; gender ; likelihood of conception ; first price auction ;
risk
behavior ; competition ; bidding …
Persistent link: https://www.econbiz.de/10003878997
Saved in:
8
Call Market Experiments : Efficiency and Price Discovery Through Multiple Calls and Emergent Newton Adjustments
Plott, Charles R.
-
2017
We study multiple-unit, laboratory experimental call markets in which orders are cleared by a single price at a scheduled "call." The markets are independent trading "days" with two calls each day preceded by a continuous and public order flow. Markets approach the competitive equilibrium over...
Persistent link: https://www.econbiz.de/10012971806
Saved in:
9
Decoupling Markets and Individuals : Rational Expectations Equilibrium Outcomes from Information Dissemination Among Boundedly-Rational Traders
Jamal, Karim
-
2013
Attainment of rational expectations equilibria in asset markets calls for the price system to disseminate traders' private information to others. It is known that markets populated by asymmetrically-informed profit-motivated human traders can converge to rational expectations equilibria. This...
Persistent link: https://www.econbiz.de/10013090544
Saved in:
10
Emergence of Information Aggregation to Rational Expectations Equilibria in Markets Populated by Biased Heuristic Traders
Jamal, Karim
;
Maier, Michael S.
;
Sunder, Shyam
-
2023
Information aggregation is a key economic function of markets. Evidence on limitations of human cognitive abilities have led some to doubt the usefulness and relevance of rational expectations equilibria in modeling information aggregation. We report results of a computational experiment with...
Persistent link: https://www.econbiz.de/10014260495
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