An experimental investigation of entry cost effects in sealed-bid dollar auctions

Surajeet Chakravarty and Sudeep Ghosh

Economics Letters, 2011, vol. 111, issue 2, 122-124

Abstract: We experimentally study the effect of entry costs on bidding and entry behavior in common value auctions. We find, with entry costs, players bid lower in first price and higher in second price auctions, compared to no entry fee auctions.

Keywords: Common; value; auctions; Entry; costs; Experiments (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:111:y:2011:i:2:p:122-124

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