首页 | 本学科首页   官方微博 | 高级检索  
     检索      


Is the ‘Linkage Principle’ Valid? Evidence from the Field
Authors:Sung‐Jin Cho  Harry J Paarsch  John Rust
Institution:1. School of Economics, Seoul National University, , Seoul, Korea;2. Department of Economics, University of Melbourne, , Melbourne, Victoria, Australia;3. Department of Economics, Georgetown University, , Washington, D.C., U.S.A.
Abstract:We present field evidence concerning experienced bidders that supports the linkage principle—specifically, the prediction that in affiliated‐values auction environments the expected revenues generated at open‐outcry, ascending‐bid auctions are higher than those under auction formats that reveal less information to participants. Using field data from a large seller of automobiles who experimented with different selling formats, we have found that average revenues were significantly higher under an English auction than under a dynamic Internet auction format that revealed less information to bidders.
Keywords:
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号