Palfrey, Thomas R.; Pevnitskaya, Svetlana - In: Journal of Economic Behavior & Organization 66 (2008) 3-4, pp. 731-747
This paper presents the results of an experimental study of endogenous entry in first-price independent private value auctions. N potential bidders simultaneously decide whether to participate in an auction or receive a known outside option. In the second stage, entrants submit bids after...