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Ivanova-Stenzel, Radosveta; Salmon, Tim - 2006

Ivanova-Stenzel and Salmon (2004a) established some interesting yet puzzling results regarding bidders' preferences between auction formats. The finding is that bidders strongly prefer the ascending to the first price sealed bid auction on a ceteris paribus basis but they are not willing to pay...

Persistent link: https://www.econbiz.de/10010365896

How eBay sellers set 'Buy-it-now' prices : bringing the field into the lab

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2006

In this paper we introduce a new type of experiment that combines the advantages of lab and field experiments. The … experiment is conducted in the lab but using an unchanged market environment from the real world. Moreover, a subset of the … experiment to study seller behavior in online auctions with a Buy-It-Now feature, where early potential bidders have the …

Persistent link: https://www.econbiz.de/10010365897

A proxy bidding mechanism that elicits all bids in an English clock auction experiment

Engelmann, Dirk; Wolfstetter, Elmar - 2005

that makes all bids visible, and apply it to a 'wallet auction' experiment. Finally, we test the theory against various …

Persistent link: https://www.econbiz.de/10010370528

An externality-robust auction : theory and experimental evidence

Bartling, Björn; Netzer, Nick - 2014 - This version: April 2014, First version: November 2013

An auction is externality-robust if unilateral deviations from equilibrium leave the other bidders' payoffs unaffected. The equilibrium and its outcome will then persist if certain types of externalities arise between bidders. One example are externalities due to spiteful preferences, which have...

Persistent link: https://www.econbiz.de/10010347030

Do markets (institutions) drive out lemmings-or vice versa?

Morone, Andrea; Nuzzo, Simone - 2016

We investigate, by mean of a lab experiment, a market inspired by two strands of literature on one hand we have herd …

Persistent link: https://www.econbiz.de/10011544083

The impact of the irrelevant : temporary buy-options and bidding behavior in auctions

Peeters, Ronald; Strobel, Martin; Vermeulen, Dries; … - In: Games 7 (2016) 1, pp. 1-19

With a laboratory experiment, we study the impact of buy-options and the corresponding buy-price on revenues and …

Persistent link: https://www.econbiz.de/10011453215

Procedures for eliciting time preferences

Freeman, David; Manzini, Paola; Mariotti, Marco; … - 2016

We study three procedures to elicit attitudes towards delayed payments: the Becker-DeGroot-Marschak procedure; the second price auction; and the multiple price list. The payment mechanisms associated with these methods are widely considered as incentive compatible, thus if preferences satisfy...

Persistent link: https://www.econbiz.de/10011455836

Does the absence of human sellers bias bidding behavior in auction experiments?

Bartling, Björn; Gesche, Tobias; Netzer, Nick - 2016

This paper studies the impact of the presence of human subjects in the role of a seller on bidding in experimental second-price auctions. Overbidding is a robust finding in second- price auctions, and spite among bidders has been advanced as an explanation. If spite extends to the seller, then...

Persistent link: https://www.econbiz.de/10011456510

An externality-robust auction : theory and experimental evidence

Bartling, Björn; Netzer, Nick - 2016 - Revised version

Behavioral robustness is essential in mechanism design. Existing papers focus on robustness as captured by dominant strategies. This paper studies the novel concept of externality-robustness, which addresses players' motives to affect other players' monetary payoffs. One example is externalities...

Persistent link: https://www.econbiz.de/10011471404

Designing contests between heterogeneous contestants : an experimental study of tie-breaks and bid-caps in all-pay auctions

Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2016

in an experiment. Our data show that indeed, strengthening weaker contestants through tie-breaks and bid …

Persistent link: https://www.econbiz.de/10011472073