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Rationality, Irrationality and Escalating Behavior in Lowest Unique Bid Auctions

Information technology has revolutionized the traditional structure of markets. The removal of geographical and time constraints has fostered the growth of online auction markets, which now include millions of economic agents worldwide and annual transaction volumes in the billions of dollars. Here,...

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Detalles Bibliográficos
Autores principales: Radicchi, Filippo, Baronchelli, Andrea, Amaral, Luís A. N.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2012
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3261157/
https://www.ncbi.nlm.nih.gov/pubmed/22279553
http://dx.doi.org/10.1371/journal.pone.0029910