Data/hora: 02/06/2024 17:48:10

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | Implementing the Efficient Auction: Initial Results from the Lab
Autores: | Margolis,   Michael; Shogren,   Jason F.
Data: | 2005-10-26
Ano: | 2003
Palavras-chave: | Auction; Affiliation; Experiments; Valuation; Financial Economics; C9; D44.
Resumo: | The efficient auction is designed to induce truthful bidding for bidders with affiliated values. Herein we implement the auction in the lab, and observe that inexperienced people can bid systematically in this more complex environment, albeit yielding a flatter bid function than the truthful one.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

18646

http://purl.umn.edu/10733

Editor: | AgEcon Search

Relação:

Resources for the Future&gt;Discussion Papers

Discussion Paper 03-63

Formato:

27

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