Heterogeneous bids in auctions with rational and markdown bidders - Theory and Experiment
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Cited by:
- Oliver Kirchkamp & Wladislaw Mill, 2019. "Spite vs. risk: explaining overbidding," CESifo Working Paper Series 7631, CESifo.
- Shachat, Jason & Wei, Lijia, 2013.
"Discrete Rule Learning and the Bidding of the Sexes,"
MPRA Paper
47953, University Library of Munich, Germany.
- Jason Shachat & Lijia Wei, 2013. "Discrete Rule Learning and the Bidding of the Sexes," Working Papers 1302, Xiamen Unversity, The Wang Yanan Institute for Studies in Economics, Finance and Economics Experimental Laboratory, revised 02 Jul 2013.
- Roberto Cervone & Stefano Galavotti & Marco LiCalzi, 2009.
"Symmetric Equilibria in Double Auctions with Markdown Buyers and Markup Sellers,"
Lecture Notes in Economics and Mathematical Systems, in: Cesáreo Hernández & Marta Posada & Adolfo López-Paredes (ed.), Artificial Economics, chapter 0, pages 81-92,
Springer.
- Roberto Cervone & Stefano Galavotti & Marco LiCalzi, 2009. "Symmetric Equilibria in Double Auctions with Markdown Buyers and Markup Sellers," Working Papers 187, Department of Applied Mathematics, Università Ca' Foscari Venezia.
- Jason Shachat & Lijia Wei, 2012.
"Procuring Commodities: First-Price Sealed-Bid or English Auctions?,"
Marketing Science, INFORMS, vol. 31(2), pages 317-333, March.
- Jason Shachat, 2009. "Procuring Commodities: First Price Sealed Bid or English Auction?," Working Papers 0901, Xiamen Unversity, The Wang Yanan Institute for Studies in Economics, Finance and Economics Experimental Laboratory, revised 26 Apr 2010.
- Jason Shachat, 2013. "Procuring Commodities: First Price Sealed Bid or English Auction?," Working Papers 2013-10-14, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University.
- Lorentziadis, Panos L., 2016. "Optimal bidding in auctions from a game theory perspective," European Journal of Operational Research, Elsevier, vol. 248(2), pages 347-371.
- Philippe Gillen & Alexander Rasch & Achim Wambach & Peter Werner, 2016. "Bid pooling in reverse multi-unit Dutch auctions: an experimental investigation," Theory and Decision, Springer, vol. 81(4), pages 511-534, November.
- Kirchkamp, Oliver & Mill, Wladislaw, 2021. "Spite vs. risk: Explaining overbidding in the second-price all-pay auction," Games and Economic Behavior, Elsevier, vol. 130(C), pages 616-635.
- repec:wyi:journl:002158 is not listed on IDEAS
- Tobias Scheffel & Georg Ziegler & Martin Bichler, 2012. "On the impact of package selection in combinatorial auctions: an experimental study in the context of spectrum auction design," Experimental Economics, Springer;Economic Science Association, vol. 15(4), pages 667-692, December.
More about this item
Keywords
Auction; Experiment; Overbidding; Underbidding; Risk-Aversion;All these keywords.
JEL classification:
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
NEP fields
This paper has been announced in the following NEP Reports:- NEP-EXP-2008-09-13 (Experimental Economics)
- NEP-GTH-2008-09-13 (Game Theory)
- NEP-UPT-2008-09-13 (Utility Models and Prospect Theory)
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