An experimental investigation of entry cost effects in sealed-bid dollar auctions |
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| Authors: | Surajeet Chakravarty Sudeep Ghosh |
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| Institution: | a Department of Economics, University of Exeter, Exeter EX4 4PU, UKb School of Accounting and Finance, The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong |
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| Abstract: | 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. |
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| Keywords: | C91 D44 |
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