کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5072962 1373525 2007 20 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Asymmetric information about rivals' types in standard auctions: An experiment
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Asymmetric information about rivals' types in standard auctions: An experiment
چکیده انگلیسی

This paper studies experimentally how information about rivals' types affects bidding behavior in first- and second-price auctions. The comparative static hypotheses associated with information about rivals enables us to test the relevance of such information as well as the general predictions of the auction theory, by providing an effective means to control for risk aversion and other behavioral motives that were difficult to control for in previous experiments. Our experimental evidence provides strong support for the theory, and sheds light on the roles of risk aversion and the spite motive in first- and second-price auctions, respectively.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Games and Economic Behavior - Volume 59, Issue 2, May 2007, Pages 240-259
نویسندگان
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