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Sealed Bid Variations on the Silent Auction

In: Experiments Investigating Fundraising and Charitable Contributors

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  • R. Mark Isaac
  • Kurt Schnier

Abstract

Motivated by both prior experimental work and by field observations, we consider the performance of two different sealed bid versions of the silent auction. These are important institutional alternatives to the more familiar ascending price silent auction. In a new series of laboratory experiments, we investigate the effects of the different institutions both on aggregate efficiency and upon aggregate revenue generation.

Suggested Citation

  • R. Mark Isaac & Kurt Schnier, 2006. "Sealed Bid Variations on the Silent Auction," Research in Experimental Economics, in: Experiments Investigating Fundraising and Charitable Contributors, pages 31-46, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rexezz:s0193-2306(06)11002-9
    DOI: 10.1016/S0193-2306(06)11002-9
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