EconPapers    
Economics at your fingertips  
 

Cartel stability in experimental first-price sealed-bid and English auctions

Jeroen Hinloopen (), Sander Onderstal () and Leonard Treuren ()
Additional contact information
Leonard Treuren: University of Amsterdam

No 19-009/VII, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: Using laboratory experiments, we compare the stability of bidding rings in the English auction and the first-price sealed-bid auction in a heterogeneous-value setting. In both a re-matching condition and a fixed-matching condition, we observe that biddings rings are more stable in the English auction than in the first-price sealed-bid auction. In both conditions, the first-price sealed-bid auction dominates the English auction in terms of average revenue and the revenue spread. The English auction outperforms the first-price sealed-bid auction in terms of efficiency.

Keywords: Cartel stability; English auction; First-price sealed-bid auction; Laboratory experiments (search for similar items in EconPapers)
JEL-codes: C92 D44 L41 (search for similar items in EconPapers)
Date: 2019-01-27, Revised 2020-06-31
New Economics Papers: this item is included in nep-com, nep-des, nep-exp and nep-ind
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://papers.tinbergen.nl/19009.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20190009

Access Statistics for this paper

More papers in Tinbergen Institute Discussion Papers from Tinbergen Institute Contact information at EDIRC.
Bibliographic data for series maintained by Tinbergen Office +31 (0)10-4088900 ().

 
Page updated 2020-07-07
Handle: RePEc:tin:wpaper:20190009