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Discrete Clock Auctions: An Experimental Study
Clock auctions Pricing rules Market design Experiments
2015/9/23
We analyze the implications of different pricing rules in discrete clock
auctions. The two most common pricing rules are highest-rejected bid (HRB) and
lowest-accepted bid (LAB). Under HRB, the winn...
We analyze the implications of different pricing rules in discrete clock
auctions. The two most common pricing rules are highest-rejected bid
(HRB) and lowest-accepted bid (LAB). Under HRB, the wi...
SUPPLEMENT TO “CAN RELAXATION OF BELIEFS RATIONALIZE THE WINNER’S CURSE?:AN EXPERIMENTAL STUDY”
CAN RELAXATION BELIEFS RATIONALIZE WINNER’S CURSE
2015/7/23
This is an experiment in the economics of market decision-making. The National Science Foundation has provided funds for conducting this research.This experiment consists of two parts and is expected ...
CAN RELAXATION OF BELIEFS RATIONALIZE THE WINNER’S CURSE?:AN EXPERIMENTAL STUDY
Common-value auctions winner’s curse beliefs cursed equilibrium level-k model
2015/7/23
We use a second-price common-value auction, called the maximal game, to experimentally study whether the winner’s curse (WC) can be explained by models which retain best-response behavior but allow fo...
Consumer behaviour on low-carbon agri-food purchase: a carbon labelling experimental study in China
carbon labelling low-carbon awareness potential consumption power scenario experiment SNK test
2014/3/28
By adopting the scenario experimental methodology of carbon labelling on agri-food products, coupled with 873
questionnaires collected from six cities in China, we made a statistical analysis of di&...
When do conflicting parties share political power? An experimental study
Behavioral Economics Constitutional Design Elections Endogenous Institutions Experiment Punishment Voting Rule
2014/3/12
We conduct a laboratory experiment to study the incentives of a privileged group to share political power
with another group when the two have conflicting interests. There are two groups of par...