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When Bidding More is Not Enough: All-Pay Auctions with Handicaps
Feess, Eberhard; Muehlheusser, Gerd; Walzl, Markus - 2002
We consider a standard two-player all-pay auction with private values, where the valuation for the object is private … bid as much as the other bidder to win the auction. Analogously, the other bidder is handicapped by the rule as … overbidding the rival may not be enough to win the auction. Clearly, this has important implications on equilibrium behavior. We …
Persistent link: https://www.econbiz.de/10010263050
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Exploring Group Behavior in a Power-to-Take Video Experiment
Bosman, Ronald; Hennig-Schmidt, Heike; vanWinden, Frans - 2002
This paper experimentally explores group decision-making in a two-player power-to-take game. Discussions preceding group decisions are video taped and analyzed. Each subject first earns an income in an individual effort task preceding the game. The game consists of two stages. First, one group...
Persistent link: https://www.econbiz.de/10010317680
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Exploring Group Behavior in a Power-to-Take Video Experiment
Bosman, Ronald; Hennig-Schmidt, Heike; vanWinden, Frans - University of Bonn, Germany - 2002
This paper experimentally explores group decision-making in a two-player power-to-take game. Discussions preceding group decisions are video taped and analyzed. Each subject first earns an income in an individual effort task preceding the game. The game consists of two stages. First, one group...
Persistent link: https://www.econbiz.de/10004968336