T Offerman, G Romagnoli, A Ziegler - Quantitative Economics, 2022 - Wiley Online Library
The popularity of open ascending auctions is often attributed to the fact that openly observable bidding allows to aggregate dispersed information. Another reason behind the …
We consider the set-up of a Japanese–English auction with exogenously fixed discrete bid levels for a specific game (the wallet game with two bidders, following Gonçalves and Ray in …
It is well-known that in the wallet game with two bidders, bidding twice the (individual) signal is an equilibrium. We prove that this strategy is never an equilibrium in a Japanese–English …
R Gonçalves - Journal of Economic Behavior & Organization, 2008 - Elsevier
This paper explores the effects of a particular form of irrational behaviour by participating bidders in a common value English auction. We allow bidders to update their expected …
The popularity of open ascending auctions is often attributed to the fact that openly observable bidding allows to aggregate dispersed information. Another reason behind the …
Anotace Cílem práce „Aukce pohledem experimentální ekonomie “je zhodnotit efektivitu příjmů založenou na Revenue Equivalence Principle, mezi odlišnými druhy aukcí za použití …
Second-price auctions with public information, such as those on eBay, provide an opportunity for sellers to use the information from finished and ongoing auctions when acting …
Second-price auctions with public information, such as those on eBay, provide an opportunity for sellers to use the information from finished and ongoing auctions when acting …
We consider the set-up of a Japanese-English auction with exogenously fixed discrete bid levels for the wallet game with two bidders, following Gonçalves and Ray (2017). We show …