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A Comment on The Common-Probability Auction Puzzle (2023)

Author

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  • Eissa, Yasmine
  • Rosmer, Paul
  • Yap, Luther

Abstract

Ngangoué and Schotter (2023) investigate common-probability auctions. By running an experiment, they find that, in contrast to the substantial overbidding found in common-value auctions, bidding in strategically equivalent common-probability auctions is consistent with the Nash equilibrium. We reproduce their results in R, conduct robustness checks on how their sample was constructed, and consider possible heterogeneity. We confirm their documented qualitative results.

Suggested Citation

  • Eissa, Yasmine & Rosmer, Paul & Yap, Luther, 2023. "A Comment on The Common-Probability Auction Puzzle (2023)," I4R Discussion Paper Series 74, The Institute for Replication (I4R).
    • Handle: RePEc:zbw:i4rdps:74
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    File URL: https://www.econstor.eu/bitstream/10419/278108/1/I4R-DP074.pdf
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    References listed on IDEAS

    as
    1. M. Kathleen Ngangoue & Andrew Schotter, 2023. "The Common-Probability Auction Puzzle," American Economic Review, American Economic Association, vol. 113(6), pages 1572-1599, June.
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    Cited by:

    1. Brunette, Marielle & Couture, Stéphane & Boun My, Kene, 2025. "Probabilistic ambiguity, outcome ambiguity or both: Does it matter for the decision-maker?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 117(C).

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    1. Brunette, Marielle & Couture, Stéphane & Boun My, Kene, 2025. "Probabilistic ambiguity, outcome ambiguity or both: Does it matter for the decision-maker?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 117(C).

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