Experimental Evidence on Covert Bargaining Markets
The proliferation of online auctions has attracted significant research interest in understanding real-life bidding behavior. However, most of the empirical ...
Data-Driven Decision Making in Auction MarketsAuctions play a critical role in the modern society: governments use auctions to sell treasury bills, mineral rights and many other assets; firms use auctions ... Experimental Evidence on Semi-structured Bargaining with Private ...We use the sealed-bid auction as a benchmark to judge the efficiency gains that can be achieved by allowing discovery via bargaining, to which ... Asymmetric Information in Auctions: Are Resellers Better Appraisers ...Abstract. This paper shows that in online car auctions, resellers are better at appraising the value of the cars they are bidding on than are consumers.
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