Title of article :
Asymmetric auction experiments with(out) commonly known beliefs
Author/Authors :
Werner Güth، نويسنده , , Radosveta Ivanova-Stenzel، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2003
Abstract :
Are commonly known beliefs essential for bidding behavior in asymmetric auctions? Our experimental results suggest that not informing participants how values are randomly generated does not change behavior much and may even make it appear more rational.
Keywords :
Experiments , Asymmetric sealed-bid auctions , Beliefs
Journal title :
Economics Letters
Journal title :
Economics Letters
