Matches in SemOpenAlex for { <https://semopenalex.org/work/W1540506952> ?p ?o ?g. }
- W1540506952 endingPage "85" @default.
- W1540506952 startingPage "75" @default.
- W1540506952 abstract "Landsberger et al. [Landsberger, M., Rubinstein, J., Wolfstetter, E., Zamir, S., 2001. First-price auctions when the ranking of valuations is common knowledge. Review of Economic Design 6, 461–480] identified optimal bidder behavior in first-price private-value auctions when the ranking of valuations is common knowledge, and they derived comparative-statics predictions regarding the auctioneer's expected revenue and the efficiency of the allocation. The experiment reported here tests the behavioral components of these comparative-statics predictions. The results support the prediction that buyers are inclined to bid more aggressively when they learn they have the low value. Contrary to the theory, buyers are inclined to bid less when they learn they have the high value. Consistent with theory, the overall proportion of efficient allocations is lower than in the first-price auction before information is revealed. But as a result of high-value bidders decreasing their bids, the expected revenue does not increase on a regular basis, contrary to the theory's predictions." @default.
- W1540506952 created "2016-06-24" @default.
- W1540506952 creator A5040789704 @default.
- W1540506952 date "2009-01-01" @default.
- W1540506952 modified "2023-09-25" @default.
- W1540506952 title "Impact of valuation ranking information on bidding in first-price auctions: A laboratory study" @default.
- W1540506952 cites W1483362683 @default.
- W1540506952 cites W1494498837 @default.
- W1540506952 cites W1548532015 @default.
- W1540506952 cites W1550761040 @default.
- W1540506952 cites W1591003438 @default.
- W1540506952 cites W1626837244 @default.
- W1540506952 cites W1713503745 @default.
- W1540506952 cites W1985726524 @default.
- W1540506952 cites W1985782116 @default.
- W1540506952 cites W1986799195 @default.
- W1540506952 cites W1992808246 @default.
- W1540506952 cites W2004895470 @default.
- W1540506952 cites W2009272298 @default.
- W1540506952 cites W2015007620 @default.
- W1540506952 cites W2026189570 @default.
- W1540506952 cites W2029050771 @default.
- W1540506952 cites W2031868094 @default.
- W1540506952 cites W2069761463 @default.
- W1540506952 cites W2100477285 @default.
- W1540506952 cites W2124713638 @default.
- W1540506952 cites W2125370639 @default.
- W1540506952 cites W2126182847 @default.
- W1540506952 cites W2128228367 @default.
- W1540506952 cites W2138863509 @default.
- W1540506952 cites W2147330019 @default.
- W1540506952 cites W2237476961 @default.
- W1540506952 cites W2554745060 @default.
- W1540506952 cites W3123160622 @default.
- W1540506952 cites W3123654610 @default.
- W1540506952 cites W3125006072 @default.
- W1540506952 cites W3125846397 @default.
- W1540506952 cites W571014082 @default.
- W1540506952 doi "https://doi.org/10.1016/j.jebo.2008.09.006" @default.
- W1540506952 hasPublicationYear "2009" @default.
- W1540506952 type Work @default.
- W1540506952 sameAs 1540506952 @default.
- W1540506952 citedByCount "3" @default.
- W1540506952 countsByYear W15405069522018 @default.
- W1540506952 countsByYear W15405069522020 @default.
- W1540506952 crossrefType "journal-article" @default.
- W1540506952 hasAuthorship W1540506952A5040789704 @default.
- W1540506952 hasBestOaLocation W15405069522 @default.
- W1540506952 hasConcept C10138342 @default.
- W1540506952 hasConcept C105795698 @default.
- W1540506952 hasConcept C11276805 @default.
- W1540506952 hasConcept C119857082 @default.
- W1540506952 hasConcept C121955636 @default.
- W1540506952 hasConcept C143684077 @default.
- W1540506952 hasConcept C144237770 @default.
- W1540506952 hasConcept C149782125 @default.
- W1540506952 hasConcept C162324750 @default.
- W1540506952 hasConcept C163239763 @default.
- W1540506952 hasConcept C175444787 @default.
- W1540506952 hasConcept C186027771 @default.
- W1540506952 hasConcept C189430467 @default.
- W1540506952 hasConcept C195487862 @default.
- W1540506952 hasConcept C2776291640 @default.
- W1540506952 hasConcept C33923547 @default.
- W1540506952 hasConcept C41008148 @default.
- W1540506952 hasConcept C48875124 @default.
- W1540506952 hasConcept C9233905 @default.
- W1540506952 hasConceptScore W1540506952C10138342 @default.
- W1540506952 hasConceptScore W1540506952C105795698 @default.
- W1540506952 hasConceptScore W1540506952C11276805 @default.
- W1540506952 hasConceptScore W1540506952C119857082 @default.
- W1540506952 hasConceptScore W1540506952C121955636 @default.
- W1540506952 hasConceptScore W1540506952C143684077 @default.
- W1540506952 hasConceptScore W1540506952C144237770 @default.
- W1540506952 hasConceptScore W1540506952C149782125 @default.
- W1540506952 hasConceptScore W1540506952C162324750 @default.
- W1540506952 hasConceptScore W1540506952C163239763 @default.
- W1540506952 hasConceptScore W1540506952C175444787 @default.
- W1540506952 hasConceptScore W1540506952C186027771 @default.
- W1540506952 hasConceptScore W1540506952C189430467 @default.
- W1540506952 hasConceptScore W1540506952C195487862 @default.
- W1540506952 hasConceptScore W1540506952C2776291640 @default.
- W1540506952 hasConceptScore W1540506952C33923547 @default.
- W1540506952 hasConceptScore W1540506952C41008148 @default.
- W1540506952 hasConceptScore W1540506952C48875124 @default.
- W1540506952 hasConceptScore W1540506952C9233905 @default.
- W1540506952 hasIssue "1" @default.
- W1540506952 hasLocation W15405069521 @default.
- W1540506952 hasLocation W15405069522 @default.
- W1540506952 hasLocation W15405069523 @default.
- W1540506952 hasOpenAccess W1540506952 @default.
- W1540506952 hasPrimaryLocation W15405069521 @default.
- W1540506952 hasRelatedWork W1519941535 @default.
- W1540506952 hasRelatedWork W1540506952 @default.
- W1540506952 hasRelatedWork W1585420333 @default.
- W1540506952 hasRelatedWork W1983749825 @default.
- W1540506952 hasRelatedWork W2785929805 @default.
- W1540506952 hasRelatedWork W3121428678 @default.