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Author: | Güth, W. Ivanova-Stenzel, R. Wolfstetter, E. |
Title: | Bidding behavior in asymmetric auctions: an experimental study |
Journal: | European Economic Review
2005 : OCT, VOL. 49:7, p. 1891-1913 |
Index terms: | asymmetric information auctions bidding microeconomics valuation |
Language: | eng |
Abstract: | This article studies an asymmetric auction experiment where private valuations of two bidders are independently drawn from distributions. The authors test the qualitative properties of the asymmetric auction model, focusing on bidder behavior and preference. |
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