Article ID Journal Published Year Pages File Type
5072164 Games and Economic Behavior 2011 15 Pages PDF
Abstract
► Examines endogenous entry in auctions when bidders know value prior to entry. ► Low value bidders select into first price sealed bid auction. ► High value bidders select into ascending auction. ► Revenue between formats not significantly different. ► Auction choice behavior roughly consistent with best response to behavior of others.
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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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The high/low divide: Self-selection by values in auction choice
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