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Silent Auctions in the Field and in the Laboratory

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Author Info
R. Mark Isaac
Kurt Schnier

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Abstract

We analyze data from hundreds of auctions from three field silent auction sessions. We focus on the descriptive statistics and on a parametric model of jump bidding. We then report data from six laboratory sessions of silent auctions. As a controlled environment, this allows us to evaluate the auctions in ways not available within the field. The laboratory experiments capture essential features of the field sessions and thus comprise a credible laboratory testbed for further examination of institutional perturbations in the silent auction. (JEL D44, H41) Copyright 2005, Oxford University Press.

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File URL: http://hdl.handle.net/10.1093/ei/cbi050
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Publisher Info
Article provided by Oxford University Press in its journal Economic Inquiry.

Volume (Year): 43 (2005)
Issue (Month): 4 (October)
Pages: 715-733
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Handle: RePEc:oup:ecinqu:v:43:y:2005:i:4:p:715-733

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Related research
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Find related papers by JEL classification:
D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

Cited by:
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  1. R. Mark Isaac & Svetlana Pevnitskaya & Kurt Schnier, 2008. "Individual Behaavior and Bidding Heterogeneity in Sealed Bid Auctions Where the Number of Bidders is Unknown," Working Papers wp2008_07_02, Department of Economics, Florida State University. [Downloadable!]
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This page was last updated on 2009-11-19.


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