The American Economic Review, Volume 86American Economic Association., 1996 Includes papers and proceedings of the annual meeting of the American Economic Association. Covers all areas of economic research. |
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in English Common Value Auctions By DAN LEVIN , JOHN H. KAGEL , AND JEAN - FRANCOIS RICHARD * An experiment analyzing behavior in English common value auctions is reported . English auctions raise more revenue than first - price auctions ...
in English Common Value Auctions By DAN LEVIN , JOHN H. KAGEL , AND JEAN - FRANCOIS RICHARD * An experiment analyzing behavior in English common value auctions is reported . English auctions raise more revenue than first - price auctions ...
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... auctions may raise less revenue than first- price auctions or why the revenue increases might be smaller than ... common value auctions are , in general , ambiguous , as there are two opposing forces at work : with positive ex- pected ...
... auctions may raise less revenue than first- price auctions or why the revenue increases might be smaller than ... common value auctions are , in general , ambiguous , as there are two opposing forces at work : with positive ex- pected ...
Página 459
... value , he can uni- laterally deviate by " hiding " his signal value and not ... Common Value Auc- tions . " Journal of Economic Theory , Feb- ruary 1991 ... Auctions : Some Initial Ob- servations . " Journal of Economic Behavior and ...
... value , he can uni- laterally deviate by " hiding " his signal value and not ... Common Value Auc- tions . " Journal of Economic Theory , Feb- ruary 1991 ... Auctions : Some Initial Ob- servations . " Journal of Economic Behavior and ...
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aggregate American Economic Review analysis assets assume assumption at-will auction average bargaining behavior bidders buyer buyout capital changes coefficient Common Value Auctions competition composite commodity consumption contract correlation debt default demand denote drilling effect efficient employees English auctions equation equilibrium estimated expected firm firm's function given growth health insurance households implies income increase industry innovation investment Journal of Economics labor lease Lemma loan marginal cost ment monetary mortgage Nash equilibrium neoclassical nomic offer optimal outcome output paper parameter percent period predicted preferences profits Proposition ratio regression relative revenue risk risk aversion Section seller senators share signal social standard standard errors statistics strategy structure symmetric equilibrium Table Theorem theory tion tracts trade units University utility variables Veblen effects voters voting wage winner's curse workers zero