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Name of Publisher, Distributor, etc.
Springer
Date of Publication, Distribution, etc.
1997
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
x, 172 Seiten : Diagramme.
SERIES
Series Title
Lecture notes in economics and mathematical systems, 447.
GENERAL NOTES
Text of Note
Literaturverz. S. 107 - 111.
CONTENTS NOTE
Text of Note
1 Introduction.- 2 The Experiment.- 2.1 Introduction and Related Literature.- 2.2 Experimental Design.- 2.3 Theory of Collusion in First-price Auctions.- 2.4 Experimental Results.- 2.4.1 Do Experimental Subjects Cooperate?.- 2.4.2 Observed Mechanisms.- 2.4.3 Winners' Bids and Payoff Shares.- 2.4.4 Two-Player Coalition versus One Individual Bidder.- 2.4.5 Summing Up.- 2.5 Theoretical Predictions versus Data.- 2.5.1 The Announcement Mechanism.- 2.5.2 Announcement Mechanism: The Behavior of Players Who Cheat.- 2.5.3 Announcement Mechanism: Optimality.- 2.5.4 Bid-bargain Mechanism.- 2.5.5 Bid-Bargain Mechanism: Optimality.- 2.5.6 Lattice Mechanism.- 2.5.7 Lattice Mechanism: Optimality.- 2.5.8 First-Price Auction Mechanism.- 2.5.9 Summing Up.- 2.6 Other Mechanisms.- 2.7 Strategic Behavior and the End Effect.- 3 A Descriptive Model.- 3.1 Conditional Probabilities.- 3.2 The Model.- 4 Mechanisms of Collusion.- 4.1 The Distribution Function.- 4.2 Announcement Mechanism.- 4.3 Bid-bargain Mechanism.- 4.3.1 (Non-)Optimality.- 4.4 Lattice Mechanism.- 4.4.1 Optimality.- 4.4.2 The Best Lattice With Four Intervals.- 4.5 First-Price Auction Mechanism.- 4.6 Summing Up.- 5 Two Extensions.- 5.1 Lattice With Continuous Bids.- 5.2 Two-player Coalition.- 6 Conclusion.- A Instructions and Forms.- B Experimental Data.- C Experimental Data.- D Non-cooperative Bidding.- E Player 2's Equilibrium Strategy.- List of Figures.- List of Tables.