Search Results - subject:"Vickrey-auction"

Toward an understanding of dominated bidding in a Vickrey auction experiment

Serizawa, Shigehiro; Shimada, Natsumi; Tse, Tiffany Tsz Kwan - 2024

This study explores two key factors influencing subjects' deviation from domi- nant bidding in Vickrey auction … analyze the effect of understanding SP, we quiz subjects before an experimental Vickrey auction and examine whether their … Vickrey auction experiments is not human interaction but a lack of understanding of SP. …

Persistent link: https://www.econbiz.de/10014540475

Toward an understanding of dominated bidding in a Vickrey auction experiment

Serizawa, Shigehiro; Shimada, Natsumi; Tse, Tiffany Tsz Kwan - 2024 - Revised April 2024

Persistent link: https://www.econbiz.de/10014530232

Overbidding and underbidding in package allocation problems

Núñez, Marina; Robles, Francisco - In: Social choice and welfare 62 (2024) 4, pp. 739-759

Persistent link: https://www.econbiz.de/10014551316

On Groves mechanisms for costly inclusion

MacKenzie, Andrew; Trudeau, Christian - In: Theoretical Economics 18 (2023) 3, pp. 1181-1223

We investigate Groves mechanisms for economies where (i) a social outcome specifies a group of winning agents, and (ii) a cost function associates each group with a monetary cost. In particular, we characterize both (i) the class of cost functions for which there are Groves mechanisms such that...

Persistent link: https://www.econbiz.de/10014536965

On Groves mechanisms for costly inclusion

MacKenzie, Andrew; Trudeau, Christian - In: Theoretical economics : TE ; an open access journal in … 18 (2023) 3, pp. 1181-1223

Persistent link: https://www.econbiz.de/10014325270

The net effect of advice on strategy-proof mechanisms : an experiment for the Vickrey auction

Masuda, Takehito; Mikami, Ryo; Sakai, Toyotaka; … - In: Experimental economics : a journal of the Economic … 25 (2022) 3, pp. 902-941

Persistent link: https://www.econbiz.de/10013263435

The Impacts of food waste information on consumer preferences for blemished produce and implications for food retailers

Collart, Alba J.; Interis, Matthew G.; Henson, Chloe'; … - In: Journal of agricultural and applied economics : JAEE 54 (2022) 3, pp. 440-460

Produce that does not meet sellers' esthetic standards may be redirected to alternative uses or wasted, but consumer trends indicate potential marketability of blemished produce. We conduct a nonhypothetical experimental auction to elicit consumer willingness-to-pay (WTP) for produce of varying...

Persistent link: https://www.econbiz.de/10013429093

Information choice in auctions

Bobkova, Nina - In: American economic review 114 (2024) 7, pp. 1883-1915

Persistent link: https://www.econbiz.de/10015403496

Consumers' willingness to pay for safer fish : evidence from experimental auctions in Bangladesh

Dey, Madan M.; Rahman, Md. Saidur; Dewan, Md. Farid; … - In: Aquaculture economics & management : official journal … 28 (2024) 3, pp. 460-490

Persistent link: https://www.econbiz.de/10015053163

Optimal information disclosure in auctions

Bergemann, Dirk; Heumann, Tibor; Morris, Stephen; … - 2021

We characterize the revenue-maximizing information structure in the second price auction. The seller faces a classic economic trade-o¤: providing more information improves the eﬀiciency of the allocation but also creates higher information rents for bidders. The information disclosure policy...

Persistent link: https://www.econbiz.de/10012807958