Silent Auctions in the Field and in the Laboratory
@inproceedings{Isaac2005SilentAI, title={Silent Auctions in the Field and in the Laboratory}, author={R. Isaac and K. Schnier}, year={2005} }
We analyze data from hundreds of auctions from three field silent auction sessions. We focus on the descriptive statistics and on a parametric model of jump bidding. We then report data from six laboratory sessions of silent auctions. As a controlled environment, this allows us to evaluate the auctions in ways not available within the field. The laboratory experiments capture essential features of the field sessions and thus comprise a credible laboratory testbed for further examination of… CONTINUE READING
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