Silent Auctions in the Field and in the Laboratory

@article{Isaac2005SilentAI,
  title={Silent Auctions in the Field and in the Laboratory},
  author={R. Mark Isaac and Kurt E. Schnier},
  journal={Behavioral \& Experimental Economics},
  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… 
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