Title of article
Implementing the efficient auction: initial results from the lab
Author/Authors
Michael Margolis، نويسنده , , Jason F. Shogren، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2004
Pages
7
From page
141
To page
147
Abstract
The efficient auction is designed to induce truthful bidding for bidders with affiliated values. Herein we implement the auction in the lab, and observe inexperienced people can bid systematically in this more complex environment, albeit yielding a flatter bid function than the truthful one.
Keywords
auction , Affiliation , Experiments , Valuation
Journal title
Economics Letters
Serial Year
2004
Journal title
Economics Letters
Record number
435461
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