Ibanez, Marcela; Czermak, Simon; Sutter, Matthias - 2008 - This version: 31 March 2008
We study behavior in a search experiment where sellers receive randomized bids from a computer. At any time, sellers can accept the highest standing bid or ask for another bid at positive costs. We find that sellers stop searching earlier than theoretically optimal. Inducing a mild form of time...
