| Document Type
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BL
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| Record Number
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727845
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| Doc. No
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b547581
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| Main Entry
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Angelo Artale.
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| Title & Author
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Rings in auctions : : an experimental approach\ Angelo Artale.
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| Publication Statement
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Berlin ; Heidelberg ; New York ; Barcelona ; Budapest ; Hong Kong ; London ; Milan ; Paris ; Santa Clara ; Singapore ; Tokyo: Springer, 1997
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| Series Statement
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Lecture notes in economics and mathematical systems, 447.
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| Page. NO
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x, 172 Seiten : Diagramme.
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| ISBN
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3540619305
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: 9783540619307
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| Notes
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Literaturverz. S. 107 - 111.
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| Contents
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1 Introduction.- 2 The Experiment.- 2.1 Introduction and Related Literature.- 2.2 Experimental Design.- 2.3 Theory of Collusion in First-price Auctions.- 2.4 Experimental Results.- 2.4.1 Do Experimental Subjects Cooperate?.- 2.4.2 Observed Mechanisms.- 2.4.3 Winners' Bids and Payoff Shares.- 2.4.4 Two-Player Coalition versus One Individual Bidder.- 2.4.5 Summing Up.- 2.5 Theoretical Predictions versus Data.- 2.5.1 The Announcement Mechanism.- 2.5.2 Announcement Mechanism: The Behavior of Players Who Cheat.- 2.5.3 Announcement Mechanism: Optimality.- 2.5.4 Bid-bargain Mechanism.- 2.5.5 Bid-Bargain Mechanism: Optimality.- 2.5.6 Lattice Mechanism.- 2.5.7 Lattice Mechanism: Optimality.- 2.5.8 First-Price Auction Mechanism.- 2.5.9 Summing Up.- 2.6 Other Mechanisms.- 2.7 Strategic Behavior and the End Effect.- 3 A Descriptive Model.- 3.1 Conditional Probabilities.- 3.2 The Model.- 4 Mechanisms of Collusion.- 4.1 The Distribution Function.- 4.2 Announcement Mechanism.- 4.3 Bid-bargain Mechanism.- 4.3.1 (Non-)Optimality.- 4.4 Lattice Mechanism.- 4.4.1 Optimality.- 4.4.2 The Best Lattice With Four Intervals.- 4.5 First-Price Auction Mechanism.- 4.6 Summing Up.- 5 Two Extensions.- 5.1 Lattice With Continuous Bids.- 5.2 Two-player Coalition.- 6 Conclusion.- A Instructions and Forms.- B Experimental Data.- C Experimental Data.- D Non-cooperative Bidding.- E Player 2's Equilibrium Strategy.- List of Figures.- List of Tables.
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| Subject
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Auctions -- Mathematical models.
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| Subject
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Economics, Mathematical.
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| Subject
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Game theory.
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| LC Classification
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HF5476.A544 1997
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| Added Entry
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Angelo Artale
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