An Ascending Auction in the Presence of Rationality and Herd Behaviour
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References listed on IDEAS
- Milgrom, Paul R & Weber, Robert J, 1982. "A Theory of Auctions and Competitive Bidding," Econometrica, Econometric Society, vol. 50(5), pages 1089-1122, September.
- Christopher Avery & John H. Kagel, 1997. "Second-Price Auctions with Asymmetric Payoffs: An Experimental Investigation," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 6(3), pages 573-603, September.
- McAfee, R Preston & McMillan, John, 1987. "Auctions and Bidding," Journal of Economic Literature, American Economic Association, vol. 25(2), pages 699-738, June.
More about this item
KeywordsEnglish Auctions; Rationality; Herd Behaviour;
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-1999-05-17 (All new papers)
- NEP-IND-1999-05-17 (Industrial Organization)
- NEP-MIC-1999-05-17 (Microeconomics)
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