Optimal Reserve Prices in Sequential Auctions with Imperfect ...
In contrast to treatments TB and TC, treatment TD implements an unconstrained bargaining floor in which players can update bids simultaneously ...
Experimental Evidence on Covert Bargaining MarketsThe 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 ...
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