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Bidding Behavior, Seller Strategies, and the Utilization of Information in Auctions for Complex Goods

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  • Schmöller, Arno
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    Paper provided by University of Munich, Department of Economics in its series Munich Dissertations in Economics with number 11175.

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    Date of creation: 18 Jan 2010
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    Handle: RePEc:lmu:dissen:11175

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    3. Stephanie Rosenkranz & Patrick W. Schmitz, 2007. "Reserve Prices in Auctions as Reference Points," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 117(520), pages 637-653, 04.
    4. Schwarz, Michael & Sonin, Konstantin, 2002. "The Variable Value Environment: Auctions and Actions," CEPR Discussion Papers, C.E.P.R. Discussion Papers 3670, C.E.P.R. Discussion Papers.
    5. William Vickrey, 1961. "Counterspeculation, Auctions, And Competitive Sealed Tenders," Journal of Finance, American Finance Association, American Finance Association, vol. 16(1), pages 8-37, 03.
    6. David Lucking-Reiley, 2000. "Field experiments on the effects of reserve prices in auctions: More magic on the internet," Framed Field Experiments 00184, The Field Experiments Website.
    7. Young Han Lee & Ulrike Malmendier, 2007. "The Bidder's Curse," NBER Working Papers 13699, National Bureau of Economic Research, Inc.
    8. Shlomo Benartzi & Richard Thaler, 2007. "Heuristics and Biases in Retirement Savings Behavior," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 21(3), pages 81-104, Summer.
    9. Xavier Gabaix & David Laibson, 2005. "Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets," NBER Working Papers 11755, National Bureau of Economic Research, Inc.
    10. Shogren, Jason F. & Seung Y. Shin & Dermot J. Hayes & James B. Kliebenstein, 1994. "Resolving Differences in Willingness to Pay and Willingness to Accept," American Economic Review, American Economic Association, American Economic Association, vol. 84(1), pages 255-70, March.
    11. Jeremy Bulow & Ming Huang & Paul Klemperer, 1999. "Toeholds and Takeovers," Finance, EconWPA 9903005, EconWPA.
    12. Hossain, Tanjim & Morgan, John, 2006. "Shrouded Attributes and Information Suppression: Evidence from Field Experiments," Competition Policy Center, Working Paper Series, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley qt9d72t101, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley.
    13. Trautmann, Stefan T. & Traxler, Christian, 2010. "Reserve prices as reference points - Evidence from auctions for football players at Hattrick.org," Journal of Economic Psychology, Elsevier, Elsevier, vol. 31(2), pages 230-240, April.
    14. Englmaier, Florian & Schmöller, Arno, 2010. "Determinants and Effects of Reserve Prices in Hattrick Auctions," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 326, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    15. Brenner, Gabrielle A & Brenner, Reuven, 1982. "Memory and Markets, or Why Are You Paying $2.99 for a Widget?," The Journal of Business, University of Chicago Press, University of Chicago Press, vol. 55(1), pages 147-58, January.
    16. Thomas Gilbert & Shimon Kogan & Lars Lochstoer & Ataman Ozyildirim, 2012. "Investor Inattention and the Market Impact of Summary Statistics," Management Science, INFORMS, INFORMS, vol. 58(2), pages 336-350, February.
    17. Simon, Herbert A, 1978. "Rationality as Process and as Product of Thought," American Economic Review, American Economic Association, American Economic Association, vol. 68(2), pages 1-16, May.
    18. Bester, Helmut & Strausz, Roland, 2000. "Imperfect commitment and the revelation principle: the multi-agent case," Economics Letters, Elsevier, Elsevier, vol. 69(2), pages 165-171, November.
    19. Jeff T. Casey, 1995. "Predicting Buyer-Seller Pricing Disparities," Management Science, INFORMS, INFORMS, vol. 41(6), pages 979-999, June.
    20. Lucking-Reiley, David, 2000. "Auctions on the Internet: What's Being Auctioned, and How?," Journal of Industrial Economics, Wiley Blackwell, Wiley Blackwell, vol. 48(3), pages 227-52, September.
    21. Bernard, Jean-Thomas & Bolduc, Denis & Hardy, Annie, 2002. "The costs of natural gas distribution pipelines: the case of SCGM, Quebec," Energy Economics, Elsevier, Elsevier, vol. 24(5), pages 425-438, September.
    22. Levin, Dan & Smith, James L, 1994. "Equilibrium in Auctions with Entry," American Economic Review, American Economic Association, American Economic Association, vol. 84(3), pages 585-99, June.
    23. Carmon, Ziv & Ariely, Dan, 2000. " Focusing on the Forgone: How Value Can Appear So Different to Buyers and Sellers," Journal of Consumer Research, University of Chicago Press, University of Chicago Press, vol. 27(3), pages 360-70, December.
    24. Kirkegaard, René & Per Baltzer Overgaard, 2005. "Pre-Auction Offers in Asymmetric First-Price and Second-Price Auctions," Economics Working Papers, School of Economics and Management, University of Aarhus 2005-17, School of Economics and Management, University of Aarhus.
    25. Hanemann, W Michael, 1991. "Willingness to Pay and Willingness to Accept: How Much Can They Differ?," American Economic Review, American Economic Association, American Economic Association, vol. 81(3), pages 635-47, June.
    26. Harry J. Paarsch & Han Hong, 2006. "An Introduction to the Structural Econometrics of Auction Data," MIT Press Books, The MIT Press, The MIT Press, edition 1, volume 1, number 0262162350, December.
    27. Simonsohn, Uri & Karlsson, Niklas & Loewenstein, George & Ariely, Dan, 2008. "The tree of experience in the forest of information: Overweighing experienced relative to observed information," Games and Economic Behavior, Elsevier, Elsevier, vol. 62(1), pages 263-286, January.
    28. MacKinnon, James G. & White, Halbert, 1985. "Some heteroskedasticity-consistent covariance matrix estimators with improved finite sample properties," Journal of Econometrics, Elsevier, Elsevier, vol. 29(3), pages 305-325, September.
    29. Harris, Lawrence, 1991. "Stock Price Clustering and Discreteness," Review of Financial Studies, Society for Financial Studies, Society for Financial Studies, vol. 4(3), pages 389-415.
    30. Levin, Dan & Smith, James L, 1996. "Optimal Reservation Prices in Auctions," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 106(438), pages 1271-83, September.
    31. Xavier Gabaix & David Laibson & Guillermo Moloche & Stephen Weinberg, 2005. "Information Acquisition: Experimental Analysis of a Boundedly Rational Model," Levine's Bibliography 666156000000000480, UCLA Department of Economics.
    32. McAfee, R Preston & McMillan, John, 1987. "Auctions and Bidding," Journal of Economic Literature, American Economic Association, vol. 25(2), pages 699-738, June.
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