A Comment on The Common-Probability Auction Puzzle (2023)

Yasmine Eissa, Paul Rosmer and Luther Yap

No 74, I4R Discussion Paper Series from The Institute for Replication (I4R)

Abstract: Ngangoué and Schotter (2023) investigate common-probability auctions. By running an experiment, they find that, in contrast to the substantial overbidding found in common-value auctions, bidding in strategically equivalent common-probability auctions is consistent with the Nash equilibrium. We reproduce their results in R, conduct robustness checks on how their sample was constructed, and consider possible heterogeneity. We confirm their documented qualitative results.

Date: 2023
New Economics Papers: this item is included in nep-exp and nep-gth
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