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SILENT AUCTIONS IN THE FIELD AND IN THE LABORATORY.
- Source :
- Economic Inquiry; Oct2005, Vol. 43 Issue 4, p715-733, 19p
- Publication Year :
- 2005
-
Abstract
- 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 institutional perturbations in the silent auction. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00952583
- Volume :
- 43
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Economic Inquiry
- Publication Type :
- Academic Journal
- Accession number :
- 18531035
- Full Text :
- https://doi.org/10.1093/ei/cbi050