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The Influence of Outside Options on Second-Price Auction Outcomes
Jakob Eichberger
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This work deals with the study of subjects' behavior in an auction and attempts to contribute a small part of understanding to the big picture of this topic by targeting the following two research questions: Is there a difference between outside options for all or a lottery for an outside option for one "loser" with equivalent expected value? Does group size influence bids in a second price auction? To answer these questions we conducted an experiment at the Max Jung laboratory, sited at Graz University.
- Format: Pocket/Paperback
- ISBN: 9783639485387
- Språk: Engelska
- Antal sidor: 84
- Utgivningsdatum: 2013-10-13
- Förlag: AV Akademikerverlag