Using clock auctions to dissolve partnership: An experimental study

被引：7
|
作者：
Qin, Xiangdong [1 ]
Zhang, Fangzhou [1 ]
机构：
[1] Shanghai Jiao Tong Univ, Sch Econ, Antai Coll Econ & Management, Shanghai 200052, Peoples R China
来源：
ECONOMICS LETTERS | 2013年 / 119卷 / 01期
关键词：
Partnership dissolution; Clock auction; Risk aversion;
D O I：
10.1016/j.econlet.2012.12.034
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We experimentally study clock auctions to dissolve partnerships jointly owned by two players. Subjects are found to deviate systematically from the Nash equilibrium. We explain the bidding behaviour in terms of risk aversion and/or non-standard utility theory. (C) 2013 Elsevier B.V. All rights reserved.
引用
收藏
页码：55 / 59
页数：5
相关论文
共 50 条
  • [1] Discrete clock auctions: an experimental study
    Peter Cramton
    Emel Filiz-Ozbay
    Erkut Y. Ozbay
    Pacharasut Sujarittanonta
    [J]. Experimental Economics, 2012, 15 : 309 - 322
  • [2] Discrete clock auctions: an experimental study
    Cramton, Peter
    Filiz-Ozbay, Emel
    Ozbay, Erkut Y.
    Sujarittanonta, Pacharasut
    [J]. EXPERIMENTAL ECONOMICS, 2012, 15 (02) : 309 - 322
  • [3] How to dissolve a partnership
    Moldovanu, B
    [J]. JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT, 2002, 158 (01): : 66 - 80
  • [4] How to dissolve a partnership - Comment
    Wolfstetter, E
    [J]. JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT, 2002, 158 (01): : 86 - 90
  • [5] Should we dissolve our partnership?
    Chapman, C
    [J]. VETERINARY ECONOMICS, 2000, 41 (05): : 20 - 20
  • [6] EXPERIMENTAL EVIDENCE ON ENGLISH AUCTIONS: ORAL OUTCRY VERSUS CLOCK
    Goncalves, Ricardo
    Hey, John
    [J]. BULLETIN OF ECONOMIC RESEARCH, 2011, 63 (04) : 313 - 352
  • [7] Accelerating Combinatorial Clock Auctions using Bid Ranges
    Qiu, Xiaoqiu
    Neumann, Dirk
    [J]. 2014 47TH HAWAII INTERNATIONAL CONFERENCE ON SYSTEM SCIENCES (HICSS), 2014, : 231 - 240
  • [8] Auctions with speculators: An experimental study
    Garratt, Rodney
    Georganas, Sotiris
    [J]. GAMES AND ECONOMIC BEHAVIOR, 2021, 128 : 256 - 270
  • [9] Speculative partnership dissolution with auctions
    Ludwig Ensthaler
    Thomas Giebe
    Jianpei Li
    [J]. Review of Economic Design, 2014, 18 : 127 - 150
  • [10] Speculative partnership dissolution with auctions
    Ensthaler, Ludwig
    Giebe, Thomas
    Li, Jianpei
    [J]. REVIEW OF ECONOMIC DESIGN, 2014, 18 (02) : 127 - 150
12345