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

Posted: 10 Jan 2002

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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

Ivanova-Stenzel, Radosveta, Auctions and Fair Division Games - a Cross-Country Bidding Experiment. Journal of Socio-Economics, Vol. 30, pp. 367-374, 2001. Available at SSRN: https://ssrn.com/abstract=296400

Radosveta Ivanova-Stenzel (Contact Author)

Technische Universität Berlin (TU Berlin) ( email )

Straße des 17. Juni 135
Berlin, 10623
Germany

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