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Second chance offers versus sequential auctions: theory and behavior

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  • Timothy Salmon

    ()

  • Bart Wilson

    ()

Abstract

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File URL: http://hdl.handle.net/10.1007/s00199-006-0147-x
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Bibliographic Info

Article provided by Springer in its journal Economic Theory.

Volume (Year): 34 (2008)
Issue (Month): 1 (January)
Pages: 47-67

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Handle: RePEc:spr:joecth:v:34:y:2008:i:1:p:47-67

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Web page: http://link.springer.de/link/service/journals/00199/index.htm

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Related research

Keywords: Ascending auctions; Ultimatum games; Mixed strategies; Experimental economics; D44; C90;

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References

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  1. Hoffman Elizabeth & McCabe Kevin & Shachat Keith & Smith Vernon, 1994. "Preferences, Property Rights, and Anonymity in Bargaining Games," Games and Economic Behavior, Elsevier, vol. 7(3), pages 346-380, November.
  2. Ilya Segal, 2003. "Optimal Pricing Mechanisms with Unknown Demand," American Economic Review, American Economic Association, vol. 93(3), pages 509-529, June.
  3. Guth, Werner & Tietz, Reinhard, 1990. "Ultimatum bargaining behavior : A survey and comparison of experimental results," Journal of Economic Psychology, Elsevier, vol. 11(3), pages 417-449, September.
  4. Paul Milgrom & Robert J. Weber, 1981. "A Theory of Auctions and Competitive Bidding," Discussion Papers 447R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  5. Engelbrecht-Wiggans, Richard, 1996. "Auctions with Noncompetitive Sales," Games and Economic Behavior, Elsevier, vol. 16(1), pages 54-64, September.
  6. Forsythe Robert & Horowitz Joel L. & Savin N. E. & Sefton Martin, 1994. "Fairness in Simple Bargaining Experiments," Games and Economic Behavior, Elsevier, vol. 6(3), pages 347-369, May.
  7. Patrick Bajari & Ali Hortacsu, 2002. "Cyberspace Auctions and Pricing Issues: A Review of Empirical Findings," Working Papers 02005, Stanford University, Department of Economics.
  8. Levin, Dan & Smith, James L, 1994. "Equilibrium in Auctions with Entry," American Economic Review, American Economic Association, vol. 84(3), pages 585-99, June.
  9. Jacob K. Goeree & Charles R. Plott & John Wooders, 2004. "Bidders' Choice Auctions: Raising Revenues Through the Right to Choose," Journal of the European Economic Association, MIT Press, vol. 2(2-3), pages 504-515, 04/05.
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Citations

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Cited by:
  1. Damian Damianov, 2012. "Seller competition by mechanism design," Economic Theory, Springer, vol. 51(1), pages 105-137, September.
  2. Shachat, Jason & Tan, Lijia, 2012. "An experimental investigation of auctions and bargaining in procurement," MPRA Paper 42409, University Library of Munich, Germany.
  3. Aniruddha Bagchi & Brett Katzman & Timothy Mathews, 2014. "Second chance offers in auctions," Journal of Economics, Springer, vol. 112(1), pages 1-29, May.
  4. Shahriar, Quazi & Wooders, John, 2011. "An experimental study of auctions with a buy price under private and common values," Games and Economic Behavior, Elsevier, vol. 72(2), pages 558-573, June.
  5. Steven Tucker & Charles Noussair & Anthony M. Kwasnica & Katerina Sherstyuk, 2013. "Multiunit Auctions," Journal of Economic Surveys, Wiley Blackwell, vol. 27(3), pages 461-490, 07.
  6. repec:wyi:wpaper:002055 is not listed on IDEAS
  7. Garratt, Rodney J. & Troger, Thomas, 2013. "Second-chance offers," University of California at Santa Barbara, Economics Working Paper Series qt7j75b943, Department of Economics, UC Santa Barbara.

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