Search
Now showing items 1-2 of 2
Uniform-price auctions without exogenous uncertainty: an experimental study
(Centro de Investigación y Docencia Económicas, División de Economía, 2007)
This paper reports results of an experimental study of uniform multi-unit auctions in an environment of publicly known common values. We find that the bidding behavior exhibits two clear regularities: agents consistently ...
Network structure in a link-formation game: an experimental study
(Centro de Investigación y Docencia Económicas, División de Economía, 2007)
Network formation is frequently modeled using link-formation games and typically present a multiplicity of Nash equilibria. Cooperative refinements —such as strong or coalitional proof Nash equilibria— have been the standard ...