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Rationalizing (Non-)Equilibrium Bidding in Maximum-Value Auctions Without Beliefs About Others’ Behavior
Pezanis-Christou, Paul - 2019
, deals with bidders' anticipated regrets from winning and from losing the auction. It exploits the stochastic properties of … the auction format and rationalizes: (i) Nash equilibrium bidding, (ii) (non-)monotone overbidding and (iii) fully cursed …
Persistent link: https://www.econbiz.de/10012896753
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Are 'true' preferences revealed in repeated markets? : an experimental demonstration of context-dependent valuations
Tufano, Fabio (contributor) - 2008
-dependent preferences. -- Repeated markets ; Economic principles ; Anomalies ; Experiment ; Social interactions …
Persistent link: https://www.econbiz.de/10003769896
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Menstrual cycle and competitive bidding
Pearson, Matthew; Schipper, Burkhard - 2009 - Rev.
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we … ; menstrual cycle ; gender ; likelihood of conception ; first price auction ; risk behavior ; competition ; bidding …
Persistent link: https://www.econbiz.de/10003878997
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Can Tournaments Induce Workaholic Behaviors? Theory and Experimental Evidence
Zhang, Yanren - 2020
We attempt to determine if tournaments create an intrinsic desire of agents to work long and hard even after all prizes are paid out by developing a theory of workaholic behavior. We base this theory on a model for asymmetric belief updating. In this model, agents infer their productivity from...
Persistent link: https://www.econbiz.de/10014095342
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Social preferences and environmental externalities
Campos-Mercade, Pol; Ek, Claes; Soderberg, Magnus; … - 2025
Standard economic theory assumes that consumers ignore the externalities they create, such as emissions from burning … avoid imposing negative externalities on others. Using administrative data on household waste, we show a clear link between …
Persistent link: https://www.econbiz.de/10015404492
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Social preferences and environmental externalities
Campos-Mercade, Pol; Ek, Claes; Söderberg, Magnus; … - 2025
Standard economic theory assumes that consumers ignore the externalities they create, such as emissions from burning … avoid imposing negative externalities on others. Using administrative data on household waste, we show a clear link between …
Persistent link: https://www.econbiz.de/10015404948
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Social preferences and environmental externalities
Campos-Mercade, Pol; Ek, Claes; Söderberg, Magnus; … - 2025
Standard economic theory assumes that consumers ignore the externalities they create, such as emissions from burning … avoid imposing negative externalities on others. Using administrative data on household waste, we show a clear link between …
Persistent link: https://www.econbiz.de/10015407932
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Spite and reciprocity in auctions
Nishimura, Naoko; Cason, Timothy N.; Saijō, Tatsuyoshi; … - In: Games 2 (2011) 3, pp. 365-411
overbid more than higher value bidders, and they overbid more frequently in the second price auction than in the ascending … price auction. Overall, the lower value bidder submits bids that exceed value about half the time. These patterns are not …
Persistent link: https://www.econbiz.de/10009752417
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Social norms and market behavior : evidence from a large population sample
Riehm, Tobias; Fugger, Nicolas; Gillen, Philippe; … - 2021
We test the importance of social norms for market interactions associated with negative real-world externalities in a … large-scale experiment with a heterogeneous population sample from Germany. The majority of experimental participants …
Persistent link: https://www.econbiz.de/10012431941
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Auctions and Leaks : A Theoretical and Experimental Investigation
Fischer, Sven - 2017
' bid. Equilibrium behavior in the first-price auction is mostly unaffected but there are multiple equilibria in the second …-price auction. Consequently, comparative statics across price rules are equivocal. Experimentally, leaks in the first-price auction …
Persistent link: https://www.econbiz.de/10012947421