Asymmetric information about rivals' types in standard auctions: an experiment

DOI10.1016/j.geb.2006.09.003zbMath1162.91354WikidataQ56658252 ScholiaQ56658252MaRDI QIDQ2457235

Jinwoo Kim, Yeon-Koo Che, James Andreoni

Publication date: 30 October 2007

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: http://econ.ucsd.edu/~jandreon/WorkingPapers/AuctionACK.pdf

Mathematics Subject Classification ID

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

91B44: Economics of information

91A90: Experimental studies

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Cites Work

• Quantal response equilibrium and overbidding in private-value auctions
• Nonlinear behavior in sealed bid first price auctions
• Asymmetric information about rivals' types in standard auctions.
• Money does not induce risk neutral behavior, but binary lotteries do even worse
• Bertrand without fudge
• Information structures in optimal auctions
• Multidimensional private value auctions
• Semiparametric Estimation of First-Price Auctions with Risk-Averse Bidders
• Optimal Information Disclosure in Auctions and the Handicap Auction