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Auction Behavior with Non-pecuniary Dimensions

Auction Behavior with Non-pecuniary Dimensions PDF Author: Tanja F. Blackstone
Publisher:
ISBN:
Category : Auctions
Languages : en
Pages : 17

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Book Description
This research examines bidding behavior in a sealed bid first price multi-attribute auction environment. The auction environment is designed to allow subjects to bid on multiple attributes, where an attribute is analogous to a component of a compensation package. Preliminary findings in base case experiments reveal that over successive rounds bids converge to subject's reserve price, independent of the number of sellers in a market.