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Procuring commodities : first-price sealed-bid or English auctions?

Shachat, Jason M.; Wei, Lijia - In: Marketing science 31 (2012) 2, pp. 317-333

Persistent link: https://www.econbiz.de/10009548693

Viral social media videos can raise pro-social behaviours when an epidemic arises

Guo, Youting; Shachat, Jason M.; Walker, Matthew J.; … - 2020

Persistent link: https://www.econbiz.de/10012418092

Contingent payments in procurement interactions : experimental evidence

Walker, Matthew J.; Shachat, Jason M.; Wei, Lijia - 2022 - Current version updated July 7, 2023

Persistent link: https://www.econbiz.de/10014329883

On the generalizability of using mobile devices to conduct economic experiments

Guo, Yiting; Shachat, Jason M.; Walker, Matthew J.; … - 2022

Persistent link: https://www.econbiz.de/10013257051

Procuring Commodities: First-Price Sealed-Bid or English Auctions?

Shachat, Jason; Wei, Lijia - In: Marketing Science 31 (2012) 2, pp. 317-333

We use laboratory experiments to examine the relative performance of the English auction (EA) and the first-price sealed-bid auction (FPA) when procuring a commodity. The mean and variance of prices are lower in the FPA than in the EA. Bids and prices in the EA agree with game-theoretic...

Persistent link: https://www.econbiz.de/10010630480