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Learning and the possibility of losing own money reduce overbidding: Delayed payment in experimental auctions
In this study, we designed a delayed payment mechanism in laboratory second price auctions (SPAs), under which subjects received a cash endowment two weeks after the experiment day and had to use their own money to pay the experimental losses (if any) on the experiment day. We compared the effect of...
| Autores principales: | , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Public Library of Science
2019
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6532848/ https://www.ncbi.nlm.nih.gov/pubmed/31120871 http://dx.doi.org/10.1371/journal.pone.0213568 |