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| Tekijä: | Lucking-Reiley, D. |
| Otsikko: | Using field experiments to test equivalence between auction formats: magic on the internet |
| Lehti: | American Economic Review
1999 : DEC, VOL. 89:5, p. 1063-1080 |
| Asiasana: | ECONOMICS INTERNET FIELD RESEARCH |
| Kieli: | eng |
| Tiivistelmä: | William Vickery's predicted equivalences between first-price sealed-bid and Dutch auctions, and between second-price sealed-bid and English auctions, are tested using field experiments that auctioned off collectible trading cards over the Internet. The results indicate that the Dutch auction produces 30-percent higher revenues than the first-price auction format, a violation of the theoretical prediction and a reversal of previous laboratory results, and that the English and second-price formats produce roughly equivalent revenues. |
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