Showing 1 - 10 of 64,535
Persistent link: https://www.econbiz.de/10013384825
Persistent link: https://www.econbiz.de/10011640288
We present results from a series of experiments that allow us to measure overbidding and, in particular, underbidding … in first-price auctions. We investigate how the amount of underbidding depends on seemingly innocent parameters of the …
Persistent link: https://www.econbiz.de/10010276381
Persistent link: https://www.econbiz.de/10011594130
We consider auctions with price externality where all bidders derive utility from the winning price, such as charity auctions. In addition to the benefit to the winning bidder, all bidders obtain a benefit that is increasing in the winning price. Theory makes two predictions in such settings:...
Persistent link: https://www.econbiz.de/10011316603
overbidding in auctions. As a workhorse we use the second-price all-pay and the first-price winner-pay auction. Both risk and …In this paper we use an experiment to compare a theory of risk aversion and a theory of spite as an explanation for …. Indeed, we find that spite is a more convincing explanation for bidding behavior for the second-price all-pay auction. Not …
Persistent link: https://www.econbiz.de/10012002983
Persistent link: https://www.econbiz.de/10011757565
Persistent link: https://www.econbiz.de/10014549502
Persistent link: https://www.econbiz.de/10011488600
Persistent link: https://www.econbiz.de/10011453228