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- W3124928806 abstract "This paper presents the results of experiments carried out in two countries, Germany and Bulgaria, and for 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 function in both countries, some features of the bidding behavior (learning of risk neutral equilibrium bidding, truthful bidding, decision time, bid adjustments) as well as the efficiency rates and the price expectations. The main results obtained in Germany were replicated with the Bulgarian subjects." @default.
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- W3124928806 date "2000-01-01" @default.
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- W3124928806 title "Auctions and fair division games: A cross-cultural bidding experiment" @default.
- W3124928806 hasPublicationYear "2000" @default.
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