Common Value Auctions and the Winner's Curse /

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Few forms of market exchange intrigue economists as do auctions, whose theoretical and practical implications are enormous. John Kagel and Dan Levin, complementing their own distinguished research with papers written with other specialists, provide a new focus on common value auctions and the "...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Kagel, John H. (Autor, Contribuidor), Levin, Dan (Autor, Contribuidor)
Otros Autores: Avery, Christopher (Contribuidor), Battalio, Raymond C. (Contribuidor), Campbell, Colin M. (Contribuidor), Dyer, Douglas (Contribuidor), Garvin, Susan (Contribuidor), Harstad, Ronald M. (Contribuidor), Meyer, Donald J. (Contribuidor), Richard, Jean-Francois (Contribuidor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Princeton, NJ : Princeton University Press, [2009]
Edición:Course Book
Temas:
Auctions.
Paradoxes.
Value.
BUSINESS & ECONOMICS / Investments & Securities / General.
Acceso en línea:Texto completo
Texto completo
Tabla de Contenidos:
  • Frontmatter
  • Contents
  • Preface
  • Credits
  • 1 Bidding in Common-Value Auctions: A Survey of Experimental Research
  • 2 First-Price Common-Value Auctions: Bidder Behavior and the "Winner's Curse"
  • 3 The Winner's Curse and Public Information in Common Value Auctions
  • 4 Comparative Static Effects of Number of Bidders and Public Information on Behavior in Second-Price Common Value Auctions
  • 5 Information Impact and Allocation Rules in Auctions with Affiliated Private Values: A Laboratory Study
  • 6 Revenue Effects and Information Processing in English Common Value Auctions
  • 7 Common Value Auctions with Insider Information
  • 8 Can the Seller Benefit from an Insider in Common-Value Auctions?
  • 9 Second-Price Auctions with Asymmetric Payoffs: An Experimental Investigation
  • 10 Learning in Common Value Auctions: Some Initial Observations
  • 11 Cross-Game Learning: Experimental Evidence from First-Price and English Common Value Auctions
  • 12 A Comparison of Naive and Experienced Bidders in Common Value Offer Auctions: A Laboratory Analysis
  • 13 Bidding in Common Value Auctions: How the Commercial Construction Industry Corrects for the Winner's Curse
  • Instructions
  • Index

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