On the Impact of Low-Balling : Experimental Results in Asymmetric Auctions.

The paper reports on a series of experiments in asymmetric First-and Second-Price auctions with private-independent values. The data reveals that although subjects did realize the strategic implications of the asymmetric setting, a significant overbidding pattern was found in First-Price auctions and caused the regjection of the suggested revenue ranking.

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Year of publication:	1997
Authors:	Pezanis-Christou, P
Institutions:	School of Economics, UNSW Business School
Subject:	AUCTIONS \| ECONOMETRICS \| DECISION MAKING \| INFORMATION

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Series:	New South Wales - School of Economics.
Type of publication:	Book / Working Paper
Notes:	35 pages
Classification:	C72 - Noncooperative Games ; C90 - Design of Experiments. General ; D44 - Auctions ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; D82 - Asymmetric and Private Information
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005631385