Title of article :
Second-price auction tournament
Author/Authors :
Jason F. Shogren، نويسنده , , Gregory M. Parkhurst، نويسنده , , Christopher McIntosh، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2006
Abstract :
We compare bidding behavior in a standard second-price auction and a second-price auction tournament without information on relative rankings. Our results suggest that people bid more sincerely in the tournament setting with a non-linear payoff schedule and incomplete information.
Keywords :
Tournaments , Experiments , auction
Journal title :
Economics Letters
Journal title :
Economics Letters
