dc.contributor.author | Bos, Olivier | |
dc.contributor.author | Martinez, Francisco Gomez | |
dc.contributor.author | Onderstal, Sander | |
dc.contributor.author | Truyts, Tom | |
dc.date.accessioned | 2023-01-06T11:07:51Z | |
dc.date.available | 2023-01-06T11:07:51Z | |
dc.date.created | 2021-06-10T13:43:06Z | |
dc.date.issued | 2021 | |
dc.identifier.citation | Journal of Economic Behavior and Organization. 2021, 187 448-469. | en_US |
dc.identifier.issn | 0167-2681 | |
dc.identifier.uri | https://hdl.handle.net/11250/3041525 | |
dc.description.abstract | We study the relative performance of the first-price sealed-bid auction, the second-price sealed-bid auction, and the all-pay sealed-bid auction in a laboratory experiment where bidders can signal information through their bidding behaviour to an outside observer. We consider two different information settings: the auctioneer reveals either the identity of the winning bidder only, or she also reveals the bidders’ payments to an outside observer. We find that the all-pay sealed-bid auction in which the bidders’ payments are revealed outperforms the other mechanisms in terms of revenue, while this mechanism underperforms in terms of efficiency relative to the winner-pay auctions. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Elsevier | en_US |
dc.rights | Navngivelse 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by/4.0/deed.no | * |
dc.subject | Experimental economics | en_US |
dc.subject | Experimental economics | en_US |
dc.subject | Auksjonar | en_US |
dc.subject | Auctions | en_US |
dc.subject | Adferdsøkonomi | en_US |
dc.subject | Behavioral economics | en_US |
dc.title | Signalling in auctions: Experimental evidence | en_US |
dc.type | Journal article | en_US |
dc.type | Peer reviewed | en_US |
dc.description.version | publishedVersion | en_US |
dc.rights.holder | The Authors | en_US |
dc.subject.nsi | VDP::Økonomi: 210 | en_US |
dc.subject.nsi | VDP::Economics: 210 | en_US |
dc.source.pagenumber | 448-469 | en_US |
dc.source.volume | 187 | en_US |
dc.source.journal | Journal of Economic Behavior and Organization | en_US |
dc.identifier.doi | 10.1016/j.jebo.2021.04.001 | |
dc.identifier.cristin | 1915072 | |
dc.relation.project | Norges forskningsråd: 250506 | en_US |
cristin.ispublished | true | |
cristin.fulltext | postprint | |
cristin.fulltext | original | |
cristin.qualitycode | 2 | |