An experimental investigation of entry cost effects in sealed-bid dollar auctions

We experimentally study the effect of entry costs on bidding and entry behavior in common value auctions. We find, with entry costs, players bid lower in first price and higher in second price auctions, compared to no entry fee auctions. ►We study the effect of entry costs on bidding and entry behav...

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Veröffentlicht in:	Economics letters 2011-05, Vol.111 (2), p.122-124
Hauptverfasser:	Chakravarty, Surajeet, Ghosh, Sudeep
Format:	Artikel
Sprache:	eng
Schlagworte:	Auctions Bidding Bids Common value auctions Common value auctions Entry costs Experiments Cost analysis Economic theory Entry costs Experiments Studies
Online-Zugang:	Volltext
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