An experimental investigation of entry cost effects in sealed bid dollar auctions

DSpace/Manakin Repository

Open Research Exeter (ORE)

An experimental investigation of entry cost effects in sealed bid dollar auctions

Show simple item record

dc.contributor.author Chakravarty, Surajeet en_GB
dc.contributor.author Ghosh, Sudeep en_GB
dc.date.accessioned 2010-11-04T15:11:22Z en_GB
dc.date.accessioned 2011-01-25T10:25:54Z en_US
dc.date.accessioned 2013-03-19T15:53:12Z
dc.date.issued 2010 en_GB
dc.description.abstract In numerous auction settings potential bidders incur costs to enter the auction. Such costs may potentially influence bidder’s behavior subsequently. In this paper we experimentally study the effect of entry costs on bidding and entry behavior, through a complete information common value auction. We run first and second price auctions both with and without entry costs. We find that with entry costs, players on average bid lower in first price auctions, while in second price auctions the average bids are higher, compared to bids in the corresponding no entry fee auctions. en_GB
dc.identifier.citation Volume 111, Issue 2, May 2011, Pages 122–124 en_GB
dc.identifier.doi 10.1016/j.econlet.2011.01.011 en_GB
dc.identifier.uri http://hdl.handle.net/10036/114748 en_GB
dc.language.iso en en_GB
dc.publisher Elsevier en_GB
dc.relation.ispartofseries Economics Department discussion papers series en_GB
dc.relation.ispartofseries 10/07 en_GB
dc.relation.url http://business-school.exeter.ac.uk/research/areas/topics/economics/outputs/ en_GB
dc.subject Common value auctions en_GB
dc.subject Entry costs en_GB
dc.subject experiments en_GB
dc.title An experimental investigation of entry cost effects in sealed bid dollar auctions en_GB
dc.type Working Paper en_GB
dc.date.available 2010-11-04T15:11:22Z en_GB
dc.date.available 2011-01-25T10:25:54Z en_US
dc.date.available 2013-03-19T15:53:12Z
dc.identifier.issn 1473 – 3307 en_GB
dc.description.version Author's draft issued as discussion paper. Final version published by Elsevier; available online at http://www.sciencedirect.com/ en_US
dc.description Discussion paper en_GB
dc.identifier.journal Economics Letters en_US


Files in this item

Files Size Format View
1007.pdf 293.9Kb PDF Thumbnail

This item appears in the following Collection(s)

Show simple item record

Browse

My Account

Local Links