Füllbrunn, Sascha; Neugebauer, Tibor - In: Theory and Decision 75 (2013) 3, pp. 421-447
The paper reports experimental data on the behavior in the first-price sealed-bid auction for a varying number of bidders when values and bids are private information. This feedback-free design is proposed for the experimental test of the one-shot game situation. We consider both within-subjects...