کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
957169 928512 2011 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Asymmetric auctions with resale: An experimental study
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Asymmetric auctions with resale: An experimental study
چکیده انگلیسی
We study auctions with resale based on Hafalir and Krishna's (2008) [6] model. As predicted, weak bidders bid more with resale than without, so that average auction prices tend to increase. When the equilibrium calls for weak types to bid higher than their values with resale they do, but not nearly as much as the theory predicts. In other treatments outcomes are much closer to the risk neutral Nash model's predictions. Bid distributions for weak and strong types are more similar with resale than without, in line with the theory.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 146, Issue 1, January 2011, Pages 359-371
نویسندگان
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