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all-pay sealed-bid auction in a laboratory experiment where bidders can signal information through their bidding behaviour …We study the relative performance of the first-price sealed-bid auction, the second-price sealed-bid auction, and the …-bid auction in which the bidders’ payments are revealed outperforms the other mechanisms in terms of revenue, while this mechanism …
Persistent link: https://www.econbiz.de/10012500904
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
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/10012953306
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/10012953920
all-pay sealed-bid auction in a laboratory experiment where bidders can signal information through their bidding behaviour …We study the relative performance of the first-price sealed-bid auction, the second-price sealed-bid auction, and the …-bid auction in which the bidders’ payments are revealed outperforms the other mechanisms in terms of revenue, while this mechanism …
Persistent link: https://www.econbiz.de/10013231698
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/10012908650
This paper shows that in online car auctions, resellers are better at appraising the value of the cars they are bidding … on than are consumers. Using a unique data set of online car auctions, I show that differences in bidding behavior … heterogeneity in the dispersion of private value components. I use the asymmetric ascending auction model of Hong and Shum (2003) to …
Persistent link: https://www.econbiz.de/10011430656
ensuing auction, leading to loss of efficiency and eliminating the revenue dominance typically observed in firstprice auctions. …The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of … likely to affect the bidding behavior in first-price (but not second-price) auctions. We test experimentally a setup in which …
Persistent link: https://www.econbiz.de/10010472820
This paper presents the results of an experimental study of preemptive jump bidding in English auctions with a flexible … reserve price. While one of the possible explanations for jump bidding is based on signaling arguments, the ability of the … seller to adjust his decision to accept an offer based on the bidding history makes the existence of a signaling equilibrium …
Persistent link: https://www.econbiz.de/10012961250
perform better than the Vickrey auction. The proportions of efficient allocations are similar in both types of auctions, but …-selecting auction. We trace the causes of the performance differences back to patterns in bids. The core-selecting auctions provide …Combinatorial auctions, in particular core-selecting auctions, have increasingly attracted the attention of academics …
Persistent link: https://www.econbiz.de/10011834032