Compensating for the winner's curse: Experimental evidence

Games and Economic Behavior

Volumn 60, Issue 2, 2007, Pages 339-356

  Parlour, Christine A ^a   Prasnikar, Vesna ^b   Rajan, Uday ^c  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b JO EF STEFAN INSTITUTE   (Slovenia)

^c UNIVERSITY OF MICHIGAN   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 34447285474     PISSN: 08998256     EISSN: 10902473     Source Type: Journal    
DOI: 10.1016/j.geb.2006.10.005     Document Type: Article

References (10)

1. Bazerman M., and Samuelson W. I won the auction but don't want the prize. J. Conflict Resolution 27 (1983) 618-634
2. Bulow J., and Klemperer P. Prices and the winner's curse. RAND J. Econ. 33 1 (2002) 1-21
3. Harstad R., and Bordley R. Lottery qualification auctions. In: Baye M. (Ed). Advances in Applied Microeconomics vol. 6 (1996), JAI Press 157-183
4. Kagel J.H., and Levin D. The winner's curse and public information in common value auctions. Amer. Econ. Rev. 76 (1986) 894-920
5. Kagel J.H., and Levin D. Common Value Auctions and the Winners Curse (2002), Princeton Univ. Press, Princeton, NJ
6. Kagel J.H., Levin D., and Harstad R. Comparative static effects of number of bidders and public information in common value auctions. Int. J. Game Theory 24 (1995) 293-319
7. Klemperer P. Auction theory: A guide to the literature. J. Econ. Surveys 13 3 (1999) 227-286
8. Krishna V. Auction Theory (2002), Academic Press, San Diego
9. Lind B., and Plott C.R. The winner's curse: Experiments with buyers and sellers. Amer. Econ. Rev. 81 (1991) 335-341
10. Parlour C., and Rajan U. Rationing in IPOs. Rev. Finance 9 1 (2005) 33-63