Silent Auctions in the Field and in the Laboratory
Year: 2005
Type: article
Abstract: We analyze data from hundreds of auctions from three field silent auction sessions. We focus on the descriptive statistics and on a parametric model of jump bidding. We then report data from six laboratory sessions of silent auctions. As a controlled environment, this allows us to evaluate the auctions in ways not available within the field. The laboratory experiments capture essential features of the field sessions and thus comprise a credible laboratory testbed for further examination of institutional perturbations in the silent auction. (JEL D44, H41)
Source: Economic Inquiry
DOI: 10.1093/ei/cbi050
Authors: R. Mark Isaac, Kurt Schnier
Institutions: Florida State University, University of Rhode Island
Language: English
Field: Decision Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2014590552