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Rings in Auctions : An Experimental Approach. Artale 9783540619307 New<|
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Item specifics
- Condition
- PublishedOn
- 2013-10-04
- Title
- Rings in Auctions : An Experimental Approach
- ISBN
- 9783540619307
- Publication Year
- 1997
- Type
- Textbook
- Format
- Paperback
- Language
- English
- Publication Name
- Rings in Auctions: an Experimental Approach
- Item Height
- 235mm
- Publisher
- Springer-Verlag Berlin AND Heidelberg Gmbh & Co. KG
- Item Width
- 155mm
- Subject
- Economics
- Item Weight
- 600g
- Number of Pages
- 174 Pages
About this product
Product Information
This book deals with experimental studies in economics. It investigates experimentally collusions in first-price auctions with private values. Since the main aim of the study is to see which mechanisms are used when the subjects may collude, the participants are allowed to communicate as long as they want, before they made their bids, but after they have known their private valuations. Moreover, the winner is allowed to make side payments to losing bidders. The subjects have to invent the mechanism they want to use by themselves. The theoretical possibilities are not explained to them. Four mechanisms have been observed. For each of them, we provide a game theoretical analysis and we compare the data with the theoretical prediction.
Product Identifiers
Publisher
Springer-Verlag Berlin AND Heidelberg Gmbh & Co. KG
ISBN-13
9783540619307
eBay Product ID (ePID)
91505078
Product Key Features
Publication Name
Rings in Auctions: an Experimental Approach
Format
Paperback
Language
English
Subject
Economics
Publication Year
1997
Type
Textbook
Number of Pages
174 Pages
Dimensions
Item Height
235mm
Item Width
155mm
Volume
447
Item Weight
600g
Additional Product Features
Series Title
Lecture Notes in Economics and Mathematical Systems
Country/Region of Manufacture
Germany
Item description from the seller
Business seller information
WRAP Ltd.
Mubin Ahmed
Unit 4
119 Loverock Road
Reading
Berkshire
RG30 1DZ
United Kingdom
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- GB 724498118
Company registration number:
- 03800600
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