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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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Efficiency of the reversed first-price sealed bid auctions with a dynamic run-off : results of experiments
Kuśmierczyk, Paweł - In: Central European journal of economic modelling and … 7 (2015) 3, pp. 151-167
Persistent link: https://www.econbiz.de/10011429888
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The impact of the irrelevant : temporary buy-options and bidding behavior in auctions
Peeters, Ronald; Strobel, Martin; Vermeulen, Dries; … - In: Games 7 (2016) 1, pp. 1-19
With a laboratory experiment, we study the impact of buy-options and the corresponding buy-price on revenues and …-prices, bidders are reluctant to bid above the option price (even though the option is no longer available once an auction has started …
Persistent link: https://www.econbiz.de/10011453215
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An investigation of the average bid mechanism for procurement auctions
Chang, Wei-shiun; Chen, Bo; Salmon, Tim - In: Management science : journal of the Institute for … 61 (2015) 6, pp. 1237-1254
Persistent link: https://www.econbiz.de/10011293394
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Signaling in auctions : experimental evidence
Bos, Olivier; Gomez-Martinez, Francisco; Onderstal, Sander - 2017 - Revised: 7-7-2017
We study the relative performance of the first-price sealed-bid auction and the second-price sealed-bid auction in a … laboratory experiment where bidders can signal information through their bidding behavior to an outside observer. We consider two … winner's payment to an outside observer. We find that the first-price sealed-bid auction in which the winner's payment is …
Persistent link: https://www.econbiz.de/10011664217
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Split-award auctions : insights from theory and experiments
Chaturvedi, Aadhaar; Katok, Elena; Beil, Damian R. - In: Management science : journal of the Institute for … 65 (2019) 1, pp. 71-89
Persistent link: https://www.econbiz.de/10011991374
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Can auctions help reduce mandatory pension fund fees?
Kurach, Radosław; Kuśmierczyk, Paweł; Papla, Daniel - In: Journal of pension economics and finance 18 (2019) 2, pp. 190-219
Persistent link: https://www.econbiz.de/10012107752
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Signalling in auctions : experimental evidence
Bos, Olivier; Gomez-Martinez, Francisco; Onderstal, Sander - 2018
We study the relative performance of the first‐price sealed‐bid auction and the second-price sealed‐bid auction in a … laboratory experiment where bidders can signal information through their bidding behaviour to an outside observer. We consider … reveals the winner’s payment to an outside observer. We find that the first‐price sealed‐bid auction in which the winner …
Persistent link: https://www.econbiz.de/10011906329
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Structural analysis of first-price auction data : insights from the laboratory
Pezanis-Christou, Paul; Romeu, Andrés - 2018 - Updated version
Persistent link: https://www.econbiz.de/10011886278
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How eBay sellers set 'Buy-it-now' prices : bringing the field into the lab
Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2006
In this paper we introduce a new type of experiment that combines the advantages of lab and field experiments. The … experiment is conducted in the lab but using an unchanged market environment from the real world. Moreover, a subset of the … experiment to study seller behavior in online auctions with a Buy-It-Now feature, where early potential bidders have the …
Persistent link: https://www.econbiz.de/10010365897