Narrow search
Showing 1 - 10 of 121
Cover Image
Divisible-good uniform price auctions: The role of allocation rules and communication among bidders
Sefton, Martin; Zhang, Ping - 2009
We use laboratory experiments to compare allocation rules in uniform price divisible good auctions. 'Standard' and 'uniform' allocation rules admit different types of low-price equilibria, which are eliminated by a 'hybrid' rule. We observe little evidence of revenue differences among the...
Persistent link: https://www.econbiz.de/10010277504
Cover Image
Divisible-good uniform price auctions : the role of allocation rules and communication among bidders
Sefton, Martin; Zhang, Ping - 2009
We use laboratory experiments to compare allocation rules in uniform price divisible good auctions. 'Standard' and 'uniform' allocation rules admit different types of low-price equilibria, which are eliminated by a 'hybrid' rule. We observe little evidence of revenue differences among the...
Persistent link: https://www.econbiz.de/10003898823
Cover Image
Divisible-good uniform price auctions: the role of allocation rules and communication among bidders
Sefton, Martin; Zhang, Ping - Centre for Decision Research and Experimental Economics … - 2009
We use laboratory experiments to compare allocation rules in uniform price divisible good auctions. “Standard” and “uniform” allocation rules admit different types of low-price equilibria, which are eliminated by a “hybrid” rule. We observe little evidence of revenue differences...
Persistent link: https://www.econbiz.de/10010552246
Cover Image
Divisible-good uniform price auctions: the role of allocation rules and communication among bidders
Sefton, Martin; Zhang, Ping - Centre for Decision Research and Experimental Economics … - 2009
We use laboratory experiments to compare allocation rules in uniform price divisible good auctions. “Standard” and “uniform” allocation rules admit different types of low-price equilibria, which are eliminated by a “hybrid” rule. We observe little evidence of revenue differences...
Persistent link: https://www.econbiz.de/10008557033
Cover Image
To tender or not to tender? : deliberate and exogenous sunk costs in a public good game
Heine, Florian; Sefton, Martin - In: Games 9 (2018) 3/41, pp. 1-28
In an experimental study, we compare individual willingness to cooperate in a public good game after an initial team contest phase. While players in the treatment setup make a conscious decision on how much to invest in the contest, this decision is exogenously imposed on players in the control...
Persistent link: https://www.econbiz.de/10011891197
Cover Image
Risk taking and information aggregation in groups
Bougheas, Spiros; Nieboer, Jeroen; Sefton, Martin - 2015
We report a controlled laboratory experiment examining risk-taking and information aggregation in groups facing a … common risk. The experiment allows us to examine how subjects respond to new information, in the form of both privately …
Persistent link: https://www.econbiz.de/10011444297
Cover Image
Risk taking and information aggregation in groups
Bougheas, Spiros; Nieboer, Jeroen; Sefton, Martin - 2014
We report an experiment examining risk taking and information aggregation in groups. Group members come to the table … with an individual preference for a choice under risk, based on privately received information, and can share this … information with fellow group members. They then make a decision under risk on behalf of the group using a random dictatorship …
Persistent link: https://www.econbiz.de/10010392398
Cover Image
Risk taking and information aggregation in groups
Bougheas, Spiros P.; Nieboer, Jeroen; Sefton, Martin - 2015
We report a controlled laboratory experiment examining risk-taking and information aggregation in groups facing a … common risk. The experiment allows us to examine how subjects respond to new information, in the form of both privately …
Persistent link: https://www.econbiz.de/10010515798
Cover Image
Risk taking and information aggregation in groups
Bougheas, Spiros P.; Nieboer, Jeroen; Sefton, Martin - 2014
We report an experiment examining risk taking and information aggregation in groups. Group members come to the table … with an individual preference for a choice under risk, based on privately received information, and can share this … information with fellow group members. They then make a decision under risk on behalf of the group using a random dictatorship …
Persistent link: https://www.econbiz.de/10010371298
Cover Image
Multi-Unit Auctions : A Comparison of Static and Dynamic Mechanisms
Manelli, Alejandro; Sefton, Martin; Wilner, Benjamin S. - 2000
overbidding and may yield higher revenue than the Vickrey auction. The gain in revenue seems to be coupled with a loss of …
Persistent link: https://www.econbiz.de/10014172565