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Author:Ivanova-Stenzel, R.
Title:Auctions and fair division games - a cross-country bidding experiment
Journal:Journal of Socio-Economics
2001 : VOL. 30:4, p. 367-374
Index terms:AUCTIONS
BIDDING
COUNTRY COMPARISONS
BULGARIA
GERMANY
Freeterms:FAIR DIVISION
Language:eng
Abstract:This paper presents the results of experiments carried out in two countries, Bulgaria and Germany, with different allocation rules (first- vs. second-price - auction vs. fair division game). The data analysis of the sealed-bid, private value-contests compares the bid functions, some features of the bidding behavior as well as the efficiency rates and the price expectations in both countries.
SCIMA record nr: 228723
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