Learning to play second-price auctions, an experimental study

Economics Letters

Volumn 85, Issue 2, 2004, Pages 279-286

  Aseff, Jorge G ^a  

^a DEPAUL UNIVERSITY   (United States)

Author keywords

Overbidding; Second price auctions; Underbidding

Indexed keywords

EID: 4544249142     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2004.04.016     Document Type: Article

References (5)

1. Blume A. Gneezy U. 2000. Cognitive Forward Induction and Coordination without Common Knowledge: theory and Evidence Mimeo. University of Pittsburgh
2. Cox J. Roberson R. Smith V.L. Theory and behavior of single object auctions in: Smith V.L. ed. Research in Experimental Economics vol. 2 1982 JAI Press Smith
3. Harstad R.M. 1990. Dominant Strategy Adoption, Efficiency, and Bidders' Experience with Pricing Rules, Mimeo. Virginia Commonwealth University
4. Kagel J.H. Levin D. Independent private value auctions: bidder behaviour in first-, second- and third-price auctions with varying number of bidders The Economic Journal 419 1993 868-879
5. Kagel J.H. Harstad R.M. Levin D. Information impact and allocation rules in auctions with affiliated private values: a laboratory study Econometrica 55 1987 1275-1304