Common Value Auctions and the Winner's Curse Hardcover - 2002
by John H. Kagel; Dan Levin
From the rear cover
"This book shows that the kind of winner's curse at issue is pervasive across various types of auctions and is not eliminated by experience or even by using expert bidders. One of its main contributions is the specification of nave bidding models that explain patterns of deviations from (Nash) theoretical predictions. The ex post perspectives about how to improve experimental designs and procedures for dealing with bankruptcies were particularly interesting."--Charles A. Holt, University of Virginia
"I know of no book that offers such a comprehensive treatment of theory and experiments in common value auctions. The papers it brings together represent very significant contributions to both auction theory and auction behavior and are of the highest quality."--Douglas Davis, Virginia Commonwealth University
Details
- Title Common Value Auctions and the Winner's Curse
- Author John H. Kagel; Dan Levin
- Binding Hardcover
- Edition First Thus
- Pages 424
- Volumes 1
- Language ENG
- Publisher Princeton University Press
- Date 2002-08-11
- Features Bibliography, Dust Cover, Index, Table of Contents
- ISBN 9780691016672 / 0691016674
- Weight 1.67 lbs (0.76 kg)
- Dimensions 9.42 x 6.48 x 1.2 in (23.93 x 16.46 x 3.05 cm)
- Library of Congress Catalog Number 2002072254
- Dewey Decimal Code 381.17
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Common Value Auctions and the Winner's Curse
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