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made non-hypothetical discrete choices between five goods. Despite the fact that the choice task and auction mechanisms are … incentive compatible, we find that auction bids were significantly lower, as much as two times lower in many cases, than … valuations implied from choices. We also find that auction data imply own-price elasticities of demand for higher quality …
Persistent link: https://www.econbiz.de/10014587456
monitor the time taken to complete each experiment. The path paper is shown in Figure 1. This statistical analysis is … completed by computer programs, SAS. Findings – This study presented an experiment in which subjects drew a line on a path while … trained for a sufficient period of time; however, this consideration does exist in the present experiment. Practical …
Persistent link: https://www.econbiz.de/10014801680
Consider a situation in which a principal commits to a mechanism first and then agents choose unobservable actions before their payoff-relevant types are realized. The agents' actions may affect not only their payoffs directly but also the distribution of their types as well. This paper extends...
Persistent link: https://www.econbiz.de/10014589148
. Further, we challenge the recommendation that it is profitable for eBay sellers to let their auction end in the evening, when …
Persistent link: https://www.econbiz.de/10014609189
price auctions, and the random nth price auction. In particular, we draw attention to the shapes of the payoff functions and …
Persistent link: https://www.econbiz.de/10014619494
Theorie zu erwartende Umverteilungseffekte zu Gunsten des Auktionators. Persistente Preisunterschiede zwischen Auktion und …
Persistent link: https://www.econbiz.de/10014630865
A family of ascending package auction models is introduced in which bidders may determine their own packages on which … to bid. In the proxy auction (revelation game) versions, the outcome is a point in the core of the exchange economy for … equilibrium and the outcome coincides with the Vickrey auction outcome. Even when goods are not substitutes, ascending proxy …
Persistent link: https://www.econbiz.de/10014588982
In this classroom exercise, instructors use the NCAA basketball tournament to help teach important concepts in auction … sponsorship rights to NCAA tournament teams. Each NCAA team places its sponsorship rights on the auction block. The value of these …
Persistent link: https://www.econbiz.de/10014613569
Purpose – The purpose of this paper is to explore the differences in the entrepreneurial experiences between male and female entrepreneurs. The study investigates what entrepreneurs learn, how they learn, who they learn from and what prompted such learning. Design/methodology/approach – The...
Persistent link: https://www.econbiz.de/10014770556
best of the authors’ knowledge, there are not many experiment-based studies on a student’s study time using the MSLQ …
Persistent link: https://www.econbiz.de/10014878191