Pezanis-Christou, Paul; Sadrieh, Abdolkarim - Departament d'Economia i Història Econòmica, … - 2003
We report on a series of experiments that examine bidding behavior in first-price sealed bid auctions with symmetric and asymmetric bidders. To study the extent of strategic behavior, we use an experimental design that elicits bidders' complete bid functions in each round (auction) of the...
