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Bidding Behavior in Asymmetric Auctions
Werner Güth
Radosveta Ivanova-Stenzel
Elmar G. Wolfstetter
其他書名
An Experimental Study
出版
SSRN
, 2017
URL
http://books.google.com.hk/books?id=C_jbzwEACAAJ&hl=&source=gbs_api
註釋
We review an asymmetric auction experiment. Based on Plum (1992) private valuations of the two bidders are independently drawn from distinct but commonly known distributions, one of which stochastically dominating the other. We test the qualitative properties of that model of asymmetric auctions, in particular whether the weak bidder behaves more aggressively than the strong and then test bidders' preference for first- vs. second-price auctions.
