Second-price auction tournament

Jason F. Shogren; Gregory M. Parkhurst; Christopher McIntosh

doi:10.1016/j.econlet.2006.01.020

Second-price auction tournament

Jason F. Shogren
, Gregory M. Parkhurst
, Christopher McIntosh

Research output: Contribution to journal › Article › peer-review

7 Scopus citations

Abstract

We compare bidding behavior in a standard second-price auction and a second-price auction tournament without information on relative rankings. Our results suggest that people bid more sincerely in the tournament setting with a non-linear payoff schedule and incomplete information.

Original language	English (US)
Pages (from-to)	99-107
Number of pages	9
Journal	Economics Letters
Volume	92
Issue number	1
DOIs	https://doi.org/10.1016/j.econlet.2006.01.020
State	Published - Jul 2006
Externally published	Yes

Keywords

Auction
Experiments
Tournaments

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10.1016/j.econlet.2006.01.020

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@article{8f5cd302dcd74bff880d8233bea4269b,

title = "Second-price auction tournament",

abstract = "We compare bidding behavior in a standard second-price auction and a second-price auction tournament without information on relative rankings. Our results suggest that people bid more sincerely in the tournament setting with a non-linear payoff schedule and incomplete information.",

keywords = "Auction, Experiments, Tournaments",

author = "Shogren, \{Jason F.\} and Parkhurst, \{Gregory M.\} and Christopher McIntosh",

year = "2006",

month = jul,

doi = "10.1016/j.econlet.2006.01.020",

language = "English (US)",

volume = "92",

pages = "99--107",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier B.V.",

number = "1",

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TY - JOUR

T1 - Second-price auction tournament

AU - Shogren, Jason F.

AU - Parkhurst, Gregory M.

AU - McIntosh, Christopher

PY - 2006/7

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N2 - We compare bidding behavior in a standard second-price auction and a second-price auction tournament without information on relative rankings. Our results suggest that people bid more sincerely in the tournament setting with a non-linear payoff schedule and incomplete information.

AB - We compare bidding behavior in a standard second-price auction and a second-price auction tournament without information on relative rankings. Our results suggest that people bid more sincerely in the tournament setting with a non-linear payoff schedule and incomplete information.

KW - Auction

KW - Experiments

KW - Tournaments

UR - https://www.scopus.com/pages/publications/33744526133

UR - https://www.scopus.com/pages/publications/33744526133#tab=citedBy

U2 - 10.1016/j.econlet.2006.01.020

DO - 10.1016/j.econlet.2006.01.020

M3 - Article

AN - SCOPUS:33744526133

SN - 0165-1765

VL - 92

SP - 99

EP - 107

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

Second-price auction tournament

Abstract

Keywords

Publisher link

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