An experimental analysis of auctions with interdependent valuations

@article{Kirchkamp2004AnEA,
  title={An experimental analysis of auctions with interdependent valuations},
  author={Oliver Kirchkamp and Benny Moldovanu},
  journal={Games and Economic Behavior},
  year={2004},
  volume={48},
  pages={54-85}
}
We study experiments in an auction setting with interdependent valuation. Groups of three players receive private signals and then bid for a single, indivisible item. Valuations for the item differ within groups and depend asymmetrically on a bidder’s own and other bidders’ signals. Theoretically, the English auction yields efficient allocations, while… CONTINUE READING