Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/62165
Authors: 
Ivanova-Stenzel, Radosveta
Year of Publication: 
2000
Series/Report no.: 
Discussion Papers, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes 2000,31
Abstract: 
This paper presents the results of experiments carried out in two countries, Germany and Bulgaria, and for 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 function in both countries, some features of the bidding behavior (learning of risk neutral equilibrium bidding, truthful bidding, decision time, bid adjustments) as well as the efficiency rates and the price expectations. The main results obtained in Germany were replicated with the Bulgarian subjects.
JEL: 
D44
C92
O57
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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