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Rent Seeking with Regretful Agents: Theory and Experiment
all-pay auctions regret experiment rent-seeking
2015/9/23
We investigate both theoretically and experimentally the role that information disclosure has on behavior in
all pay environments in which all agents must exert costly effort, but only the winner is ...
Multi-Object Auctions with Resale: Theory and Experiment
Multi-object Auctions Vickrey Second-Price Package Resale
2015/9/23
We study multi-object auctions in the presence of post-auction trade
opportunities among bidders who have either single- or multi-object demand. We
focus on two formats: Vickrey auctions where packa...
Multi-Object Auctions with Resale: Theory and Experiment
Multi-object Auctions Vickrey Second-Price Package Resale
2015/9/18
We study multi-object auctions in the presence of post-auction trade
opportunities among bidders who have either single- or multi-object demand. We
focus on two formats: Vickrey auctions where pac...
This paper demonstrates theoretically and experimentally that in first price auctions overbidding with respect to the risk neutral Nash equilibrium might be driven
from anticipated loser regret...