Outside options: Another reason to choose the first-price auction

Citations

Cited by:

1. Oliver Kirchkamp & Wladislaw Mill, 2019. "Spite vs. risk: explaining overbidding," CESifo Working Paper Series 7631, CESifo.
2. Kirchkamp, O. & Reiss, J.P. & Sadrieh, A., 2008. "A pure variation of risk in private-value auctions," Research Memorandum 050, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
3. Theodore L. Turocy & Elizabeth Watson, 2012. "Reservation Values and Regret in Laboratory First‐Price Auctions: Context and Bidding Behavior," Southern Economic Journal, John Wiley & Sons, vol. 78(4), pages 1163-1180, April.
   • Elizabeth Watson & Theodore L. Turocy, 2011. "Reservation values and regret in laboratory first price auctions: Context and bidding behavior," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 11-14, School of Economics, University of East Anglia, Norwich, UK..
4. Adrien Coiffard & Raphaële Préget & Mabel Tidball, 2025. "Target versus budget reverse auctions: an online experiment using the strategy method," Post-Print hal-05251684, HAL.
5. Ulrike Malmendier & Young Han Lee, 2011. "The Bidder's Curse," American Economic Review, American Economic Association, vol. 101(2), pages 749-787, April.
   • Young Han Lee & Ulrike Malmendier, 2007. "The Bidder's Curse," NBER Working Papers 13699, National Bureau of Economic Research, Inc.
6. Malmendier, Ulrike & Szeidl, Adam, 2020. "Fishing for fools," Games and Economic Behavior, Elsevier, vol. 122(C), pages 105-129.
7. Ivanova-Stenzel, Radosveta & Salmon, Timothy C., 2008. "Revenue equivalence revisited," Games and Economic Behavior, Elsevier, vol. 64(1), pages 171-192, September.
   • Ivanova-Stenzel, Radosveta & Salmon, Timothy C., 2006. "Revenue Equivalence Revisited," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 175, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
8. Oliver Kirchkamp & J. Philipp Reiß, 2019. "Heterogeneous bids in auctions with rational and boundedly rational bidders: theory and experiment," International Journal of Game Theory, Springer;Game Theory Society, vol. 48(4), pages 1001-1031, December.
9. Lorentziadis, Panos L., 2016. "Optimal bidding in auctions from a game theory perspective," European Journal of Operational Research, Elsevier, vol. 248(2), pages 347-371.
10. Adrien Coiffard & Raphaële Préget & Mabel Tidball, 2023. "Target versus budget reverse auctions: an online experiment using the strategy method," Working Papers hal-04055743, HAL.
11. Xiaohu Qian & Mingqiang Yin & Felix T. S. Chan & Kai Yue, 2023. "Winner Determination with Sustainable-Flexible Considerations Under Demand Uncertainty in Transportation Service Procurement Auctions," Networks and Spatial Economics, Springer, vol. 23(4), pages 953-984, December.
12. Dastidar, Krishnendu Ghosh & Agrawal, Ramesh Kumar, 2026. "Equilibrium bidding and expected revenue ranking when bidders have outside options," Research in Economics, Elsevier, vol. 80(2).
13. Sascha Füllbrunn & Stefan Kreiner & Stefan Palan, 2015. "The value of a fallback option," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 23(2), pages 375-388, June.
14. Xiaogang Che & Tong Li & Jingfeng Lu & Xiaoyong Zheng, 2026. "Optimal Selling Mechanisms With Endogenous Seller Outside Offers," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 67(3), pages 875-891, August.
15. Adrien Coiffard & Raphaële Préget & Mabel Tidball, 2023. "Target versus budget reverse auctions: an online experiment using the strategy method," CEE-M Working Papers hal-04055743, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro.
16. Cary Deck & Bart J. Wilson, 2020. "Auctions in near-continuous time," Experimental Economics, Springer;Economic Science Association, vol. 23(1), pages 110-126, March.
17. De Silva, Dakshina G. & Kosmopoulou, Georgia & Lamarche, Carlos, 2017. "Subcontracting and the survival of plants in the road construction industry: A panel quantile regression analysis," Journal of Economic Behavior & Organization, Elsevier, vol. 137(C), pages 113-131.
18. Zhaoyang Liu & Jintao Xu & Xiaojun Yang & Qin Tu & Nick Hanley & Andreas Kontoleon, 2019. "Performance of Agglomeration Bonuses in Conservation Auctions: Lessons from a Framed Field Experiment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(3), pages 843-869, July.
19. Axel Ockenfels & David Reiley & Abdolkarim Sadrieh, 2006. "Online Auctions," NBER Working Papers 12785, National Bureau of Economic Research, Inc.
20. Teresa Briz & Andreas Drichoutis & Lisa House, 2015. "Examining projection bias in experimental auctions: the role of hunger and immediate gratification," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 3(1), pages 1-17, December.
    • Teresa, Briz & Drichoutis, Andreas & Nayga, Rodolfo & House, Lisa, 2011. "Examining Projection Bias in Experimental Auctions: The Role of Hunger and Immediate Gratification," MPRA Paper 44764, University Library of Munich, Germany, revised 05 Mar 0013.
21. Kirchkamp, Oliver & Mill, Wladislaw, 2021. "Spite vs. risk: Explaining overbidding in the second-price all-pay auction," Games and Economic Behavior, Elsevier, vol. 130(C), pages 616-635.
22. Sascha Füllbrunn & Tibor Neugebauer, 2013. "Varying the number of bidders in the first-price sealed-bid auction: experimental evidence for the one-shot game," Theory and Decision, Springer, vol. 75(3), pages 421-447, September.
    • Tibor Neugebauer & Sascha F llbrunn, 2013. "Varying the number of bidders in the first-price sealed-bid auction: experimental evidence for the one-shot game," LSF Research Working Paper Series 13-10, Luxembourg School of Finance, University of Luxembourg.
23. Bajoori, Elnaz & Peeters, Ronald & Wolk, Leonard, 2024. "Security auctions with cash- and equity-bids: An experimental study," European Economic Review, Elsevier, vol. 163(C).
24. Kaichen Zhang & Zixuan Yuan & Hui Xiong, 2024. "Optimized Cost Per Click in Online Advertising: A Theoretical Analysis," Papers 2405.14279, arXiv.org.
25. Llorente-Saguer, Aniol & Zultan, Ro’i, 2017. "Collusion and information revelation in auctions," European Economic Review, Elsevier, vol. 95(C), pages 84-102.
    • Llorente-Saguer, Aniol & Zultan, Ro'i, 2017. "Collusion and Information Revelation in Auctions," CEPR Discussion Papers 11944, Centre for Economic Policy Research.
26. Mill, Wladislaw & Morgan, John, 2022. "Competition between friends and foes," European Economic Review, Elsevier, vol. 147(C).
    • Wladislaw Mill & John Morgan, 2020. "Competition Between Friends and Foes," CRC TR 224 Discussion Paper Series crctr224_2020_242, University of Bonn and University of Mannheim, Germany.