Sutter, Matthias; Kocher, Martin; Strauß, Sabine - 2007 - This version: 15 October 2007
more likely to win the auction when teams bid. -- UMTS auction ; team decision-making ; experiment ; winner's curse …We examine bidding behaviour of individuals and teams in an experimental auction resembling UMTS-license auctions. Even … relied on individual bidders. Our results show that teams stay on average longer in an (ascending sealed-bid English) auction …