The Influence of Outside Options on Second-Price Auction Outcomes

by Jakob Eichberger

This work deals with the study of subjects' behavior in an auction and attempts to contribute a small part of understanding to the big picture of this topic by targeting the following two research questions: Is there a difference between outside options for all or a lottery for an outside option for one "loser" with equivalent expected value? Does group size influence bids in a second price auction? To answer these questions we conducted an experiment...

• Format: Paperback
• Language: English
• ISBN: 3639485386
• ISBN13: 9783639485387
• Release Date: October 2013
• Publisher: AV Akademikerverlag
• Length: 84 Pages
• Weight: 0.30 lbs.
• Dimensions: 0.2" x 6.0" x 9.0"