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Theoretical and Experimental Analysis of Auctions with Negative Externalities
Hu, Youxin; Kagel, John; Xu, Xiaoshu; Ye, Lixin - 2012
We investigate a private value auction in which a single "entrant" on winning imposes a negative externality on two "regular" bidders. In an English auction, when all bidders are active "regulars" free ride, exiting before price reaches their value. In a first-price sealed-bid auction incentives...
Persistent link: https://www.econbiz.de/10015237155
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Procurement Auctions with Renegotiation and Wealth Constraints
Chang, Wei-Shiun; Salmon, Timothy C.; Saral, Krista Jabs - 2013
. Using a combination of theory and experiments, we examine the effectiveness of renegotiation at solving this problem. Our …
Persistent link: https://www.econbiz.de/10015238888
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To be(tween) or not to be(tween)? Combining between- and within-subjects design characteristics in preference elicitation for organic and local apples
Drichoutis, Andreas C.; Cerjak, Marija; Kovačić, Damir; … - 2024
This study examines consumer preferences for organic and local apples by combining between- and within-subject design characteristics in a second price auction. We first ask subjects to bid for 1 Kg of apples without any information. In subsequent rounds we reveal information about the organic...
Persistent link: https://www.econbiz.de/10015213435
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Incentives and Payment Mechanisms in Preference Elicitation
Drichoutis, Andreas C.; Palma, Marco; Feldman, Paul - 2024
participants across three experiments. In Experiment 1, we collected responses for offer prices to sell a card like in Cason and …
Persistent link: https://www.econbiz.de/10015213444
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Auctions with Positive Synergies: Experimental Evidence
Chow, YuenLeng; Yavas, Abdullah - 2008
In a standard auction, bidders bid more aggressively when the number of bidders increases. However, Krishna and Rosenthal (1996, Games and Economic Behavior) show that when bidders have multiple-unit demand that generates positive synergies, bidders bid less aggressively as the number of bidders...
Persistent link: https://www.econbiz.de/10015215216
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Menstrual cycle and competitive bidding
Pearson, Matthew; Schipper, Burkhard C - 2009
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we collected information on the female participants' menstrual cycles. We find that women bid significantly higher than men in their menstrual and premenstrual phase but do not bid...
Persistent link: https://www.econbiz.de/10015217873
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The Visible Hand: Finger ratio (2D:4D) and competitive behavior
Pearson, Matthew; Schipper, Burkhard C - 2009
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we scan also the right hand of each subject. We study how the ratio of the length of the index and ring fingers (2D:4D) of the right hand, a measure of prenatal hormone exposure, is...
Persistent link: https://www.econbiz.de/10015217874
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The Effective Use of Limited Information: Do Bid Maximums Reduce Procurement Cost in Asymmetric Auctions?
Hellerstein, Daniel; Higgins, Nathaniel - 2010
Conservation programs faced with limited budgets often use a competitive enrollment mechanism. Goals of enrollment might include minimizing program expenditures, encouraging broad participation, and inducing adoption of enhanced environmental practices. We use experimental methods to evaluate an...
Persistent link: https://www.econbiz.de/10015223277
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Warm glow in charitable auctions: Are the WEIRDos driving the results?
Remoundou, Kyriaki; Drichoutis, Andreas; Koundouri, Phoebe - 2010
Running conventional laboratory experiments (i.e., with a standard student subject pool) is common practice in economic … experiments, especially when methodological enquiries are explored. However, the generalization of the results from such … experiments to the entire population is a highly controversial issue in the literature. In this study we investigate and measure …
Persistent link: https://www.econbiz.de/10015227892
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Auctions with Loss Averse Bidders
Eisenhuth, Roland; Ewers, Mara - 2010
, we conduct laboratory experiments, in which money and a real object is auctioned in both a first price auction and an all …
Persistent link: https://www.econbiz.de/10015229306