Showing 21 - 30 of 1,346
This paper proposes an approach to proving nonparametric identification for distributions of bidders’ values in asymmetric second-price auctions. I consider the case when bidders have independent private values and the only available data pertain to the winner’s identity and the transaction...
Persistent link: https://www.econbiz.de/10011757066
Persistent link: https://www.econbiz.de/10011804761
An IPV 2-bidder second-price auction is preceded by two rounds of bribing: prior to the auction each bidder can try to bribe his rival to depart from the auction, so that he (the briber) will become the sole participant and obtain the good for the reserve price. Bribes are offered sequentially...
Persistent link: https://www.econbiz.de/10009321779
We compare the seller's expected revenue in asymmetric second-price auctions with the benchmark case where all bidders have the average distribution. We show that with two bidders, asymmetry has a negative effect on revenue. However, for n 2 bidders there is no clear observation we can make. We...
Persistent link: https://www.econbiz.de/10010604660
Persistent link: https://www.econbiz.de/10013363051
Persistent link: https://www.econbiz.de/10013447836
Persistent link: https://www.econbiz.de/10014313630
Persistent link: https://www.econbiz.de/10014326322
Overbidding in sealed-bid second-price auctions (SPAs) has been shown to be persistent and associated with cognitive … ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account …-game learning for cognitively less able participants but does not affect overbidding for the cognitively more able. Vice versa …
Persistent link: https://www.econbiz.de/10014476711
Persistent link: https://www.econbiz.de/10014305949