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Více informací o knize Rings in Auctions

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• Anotace
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Anotace knihy

This book deals with experimental studies in economics. It investigates experimentally collusions in first-price auctions with private values. Since the main aim of the study is to see which mechanisms are used when the subjects may collude, the participants are allowed to communicate as long as they want, before they made their bids, but after they have known their private valuations. Moreover, the winner is allowed to make side payments to losing bidders. The subjects have to invent the mechanism they want to use by themselves. The theoretical possibilities are not explained to them. Four mechanisms have been observed. For each of them, we provide a game theoretical analysis and we compare the data with the theoretical prediction.

Parametry knihy

Zařazení knihy Knihy v angličtině Mathematics & science Mathematics Algebra

• Plný název: Rings in Auctions
• Podnázev: An Experimental Approach
• Autor: Angelo Artale
• Jazyk: Angličtina
• Vazba: Brožovaná
• Počet stran: 174
• EAN: 9783540619307
• ISBN: 3540619305
• ID: 01566247
• Nakladatelství: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
• Hmotnost: 600 g
• Rozměry: 235 × 155 × 11 mm
• Datum vydání: 28. January 1997

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