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Does the absence of human sellers bias bidding behavior in auction experiments?
Bartling, Björn; Gesche, Tobias; Netzer, Nick - 2016
second-price auctions. Overbidding is a robust finding in second- price auctions, and spite among bidders has been advanced … bias upwards the bidding behavior in existing experimental auctions. We derive the equilibrium bidding function in a model …-price auctions in which human sellers are absent. …
Persistent link: https://www.econbiz.de/10011456510
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Trading places : an experimental comparison of reallocation mechanisms for priority queuing
Haji, Anouar El; Onderstal, Sander - 2015
mechanism than the customer-initiated auction. When voting between the two auctions, participants tended to favor the server …
Persistent link: https://www.econbiz.de/10010532591
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Auctions and leaks : a theoretical and experimental investigation
Fischer, Sven Heiko; Güth, Werner; Kaplan, Todd R.; … - 2014 - This version: November 5, 2014
We study first- and second-price private value auctions with sequential bidding where second movers may discover the … usual revenue dominance of first-price over second-price auctions. With a high probability of a leak, second-price auctions …
Persistent link: https://www.econbiz.de/10010433909
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Bidding to give in the field : door-to-door fundraisers had it right from the start
Onderstal, Sander; Schram, Arthur J. C.; Soetevent, … - 2011
In a door-to-door fundraising field experiment, we study the impact of fundraising mechanisms on charitable giving. We approached about 4500 households, each participating in either an all-pay auction, a lottery, a non-anonymous voluntary contribution mechanism (VCM), or an anonymous VCM. In...
Persistent link: https://www.econbiz.de/10011386444
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Online ad auctions : an experiment
McLaughlin, Kevin; Friedman, Daniel - 2016 - This version: February 16, 2016
A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats for online ad space, Vickrey-Clarke-Groves (VCG) and Generalized Second Price (GSP). Theoretical predictions made in papers by Varian (2007) and Edelman, et al. (2007) seem to...
Persistent link: https://www.econbiz.de/10011429743
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Online ad auctions : an experiment
McLaughlin, Kevin; Friedman, Daniel - 2016 - This version: February 16, 2016
A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats for online ad space, Vickrey- Clarke-Groves (VCG) and Generalized Second Price (GSP). Theoretical predictions made in papers by Varian (2007) and Edelman et al. (2007) seem to...
Persistent link: https://www.econbiz.de/10011433875
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Cartel stability in experimental auctions
Hinloopen, Jeroen; Onderstal, Sander; Treuren, Leonard - 2019
Using laboratory experiments, we compare the stability of bidding rings in the English auction and the first-price sealed-bid auction in a heterogeneous-value setting. In both a re-matching condition and a fixed-matching condition, we observe that biddings rings are more stable in the English...
Persistent link: https://www.econbiz.de/10011960510
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The price of warm glow
Lilley, Andrew; Slonim, Robert - 2013
This paper presents a model and experimental evidence to explain the "volunteering puzzle" where agents prefer volunteering time to donating money when monetary donations are, ceteris paribus, more efficient for providing resources to charity. In the model agents receive heterogeneous utility...
Persistent link: https://www.econbiz.de/10009755326
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Second-chance offers and buyer reputation : theory and evidence on auctions with default
Engelmann, Dirk; Frank, Jeff; Koch, Alexander K.; … - 2020
Winners in online auctions frequently fail to complete purchases. Major auction platforms therefore allow "second …
Persistent link: https://www.econbiz.de/10012237211
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Conservation auctions, collusion and the endowment effect
Dijk, Justin; Ansink, Erik; Soest, Daniël Pieter van - 2018
activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while … effects, the latter has the upper hand; average bids decrease monotonically over the consecutive auctions. Since repetition …
Persistent link: https://www.econbiz.de/10011932593