Second-price auction tournament

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

Research output: Contribution to journalArticlepeer-review

5 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 languageEnglish (US)
Pages (from-to)99-107
Number of pages9
JournalEconomics Letters
Volume92
Issue number1
DOIs
StatePublished - Jul 1 2006
Externally publishedYes

Keywords

  • Auction
  • Experiments
  • Tournaments

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