Explaining overbidding in first price auctions using controlled lotteries

DOI10.1023/A:1025375803912zbMath1044.91019MaRDI QIDQ1409762

D. Massart

Publication date: 22 October 2003

Published in: Experimental Economics (Search for Journal in Brave)

zbMATH Keywords

efficiency; auctions; lotteries

Mathematics Subject Classification ID

91B26: Auctions, bargaining, bidding and selling, and other market models