Bidder preferences among auction institutions

@inproceedings{IvanovaStenzel2004BidderPA,
  title={Bidder preferences among auction institutions},
  author={Radosveta Ivanova-Stenzel and Timothy C. Salmon},
  year={2004}
}
This study examines bidder preferences between alternative auction institutions. We seek to characterize experimentally the degree to which bidders prefer an ascending auction to a sealed bid auction. We find very strong ceteris paribus preferences for the ascending institution with bidders choosing it overwhelmingly often when entry prices for the two auctions are the same. When the entry prices of the two auctions differ, many subjects can be shown to be willing to pay more to enter the… CONTINUE READING

Citations

Publications citing this paper.
SHOWING 1-10 OF 28 CITATIONS

References

Publications referenced by this paper.
SHOWING 1-10 OF 23 REFERENCES

First-Price Auctions to Sell Heterogeneous Licenses

J. K. Goeree, T. Offerman
  • CREED Working Paper.
  • 2002
VIEW 4 EXCERPTS
HIGHLY INFLUENTIAL

Risk Aversion

M. Rabin, R. H. Thaler
  • Journal of Economic Perspectives 15 (1), 219—232.
  • 2001
VIEW 5 EXCERPTS
HIGHLY INFLUENTIAL