Auctions and Fair Division Games - a Cross-Country Bidding Experiment

Ivanova-Stenzel, Radosveta

doi:10.2139/ssrn.290579

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Auctions and Fair Division Games - a Cross-Country Bidding Experiment

5 Pages Posted: 2 Jan 2002

See all articles by Radosveta Ivanova-Stenzel

Radosveta Ivanova-Stenzel

Technische Universität Berlin (TU Berlin)

There are 2 versions of this paper

Abstract

This paper presents the results of experiments carried out in two countries, Bulgaria and Germany, with different allocation rules (first- vs. second-price - auction vs. fair division game). The data analysis of the sealed-bid, private value-contests compares the bid functions, some features of the bidding behavior as well as the efficiency rates and the price expectations in both countries. The main results obtained in Germany were replicated by the Bulgarian participants.

Keywords: auctions, fair division, cross-country comparison

JEL Classification: D44, C92, O57

Suggested Citation: Suggested Citation

Ivanova-Stenzel, Radosveta, Auctions and Fair Division Games - a Cross-Country Bidding Experiment. Available at SSRN: https://ssrn.com/abstract=290579 or http://dx.doi.org/10.2139/ssrn.290579