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

Paul Pezanis-Christou

Working Papers from New South Wales - School of Economics

Abstract: 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.

Keywords: AUCTIONS; ECONOMETRICS; DECISION MAKING; INFORMATION (search for similar items in EconPapers)
JEL-codes: C72 C90 D44 D81 D82 (search for similar items in EconPapers)
Pages: 35 pages
Date: 1997
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Journal Article: On the impact of low-balling: Experimental results in asymmetric auctions (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:nesowa:97/05

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