Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/56902 
Year of Publication: 
2010
Series/Report no.: 
Jena Economic Research Papers No. 2010,073
Publisher: 
Friedrich Schiller University Jena and Max Planck Institute of Economics, Jena
Abstract: 
Bidding rules that guarantee procedural fairness may induce more equilibrium bidding and moderate other-regarding concerns. In our experiment, we assume commonly known true values and only two bidders to implement a best-case scenario for other-regarding concerns. The two-by-two factorial design varies ownership of the single indivisible commodity (an outside seller versus collective ownership) and the price rule (fist versus second price). Our results indicate more equilibrium behavior under the procedurally fair price rule, what, however, does not completely crowd out equality and efficiency seeking.
Subjects: 
auctions
fair division games
procedural fairness
JEL: 
D44
C92
Document Type: 
Working Paper

Files in This Item:
File
Size
404.56 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.