Similar Search Results

On the impact of low-balling: Experimental results in asymmetric auctions

Pezanis-Christou, Paul - In: International Journal of Game Theory 31 (2002) 1, pp. 69-89

able to bid, first-price auctions could yield lower revenues to the seller than second-price auctions. The data rejected … this prediction because of an important overbidding when subjects received low values in first-price auctions. In this …

Persistent link: https://www.econbiz.de/10005598440

Fees and the efficiency of tradable permit systems: an experimental approach

Baldursson, Fridrik M.; Sturluson, Jon Thor - Volkswirtschaftliche Fakultät, … - 2008

The paper presents the results of an economic experiment in which the effects of fees on allocative efficiency of tradable utilization permits (e.g. pollution permits) are explored. Laboratory subjects (university students) play the roles of firms whose generic product requires a specific input...

Persistent link: https://www.econbiz.de/10005619716

Endogenous Entry and Self-selection in Private Value Auctions: An Experimental Study

Palfrey, Thomas R.; Pevnitskaya, Svetlana - California Institute of Technology, Division of the … - 2003

-price independent private value auctions. In the first stage N potential bidders simultaneously decide whether to participate in an …

Persistent link: https://www.econbiz.de/10005654675

Speculation and demand reduction in English clock auctions with resale

Saral, Krista Jabs - In: Journal of Economic Behavior & Organization 84 (2012) 1, pp. 416-431

Many auctions are followed by a resale market which occurs when the winner of the auction resells the item won to one …

Persistent link: https://www.econbiz.de/10010594585

Experimental comparison of impact of auction format on carbon allowance market

Cong, Rong-Gang; Wei, Yi-Ming - In: Renewable and Sustainable Energy Reviews 16 (2012) 6, pp. 4148-4156

Carbon allowances auctions are a good way to achieve the carbon allowance allocations under international agreements to …

Persistent link: https://www.econbiz.de/10010664491

Information Effects in Multi-Unit Dutch Auctions

Buchanan, Joy A.; Gjerstad, Steven; Porter, David - Economic Science Institute (ESI), Argyros School of … - 2012

This study compares bidding behavior in a multi-unit uniform-price descending price (Dutch) auction under four different information conditions. Bidders are either informed of the number of bidders in the auction, or know that it is one of two possible sizes; they also either know the number of...

Persistent link: https://www.econbiz.de/10010817397

Fees and the Efficiency of Tradable Permit Systems: An Experimental Approach

Baldursson, Fridrik; Sturluson, Jon - In: Environmental & Resource Economics 48 (2011) 1, pp. 25-41

Persistent link: https://www.econbiz.de/10008776721

Search and Choice in Online Consumer Auctions

Haruvy, Ernan; Leszczyc, Peter T. L. Popkowski - In: Marketing Science 29 (2010) 6, pp. 1152-1164

Price dispersion in simultaneous online auctions is a puzzle in light of the relatively low search costs required to … find the lower price. Much of this price dispersion appears to be due to a lack of switching by bidders between auctions … controlled field experiment involving pairs of simultaneous auctions. Keeping the sellers and the goods sold identical between …

Persistent link: https://www.econbiz.de/10008788307

Speculation and Demand Reduction in English Clock Auctions with Resale

Saral, Krista Jabs - Volkswirtschaftliche Fakultät, … - 2010

Many auctions are followed by a resale market which occurs when the winner of the auction resells the item won to one …

Persistent link: https://www.econbiz.de/10008645080

An Analysis of Market-Based and Statutory Limited Liability in Second Price Auctions

Saral, Krista Jabs - Volkswirtschaftliche Fakultät, … - 2009

In auctions where bidders are uncertain of their value and are fully liable for their bids, there exists the potential …

Persistent link: https://www.econbiz.de/10008645124