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CLOCKS AND TREES: ISOMORPHIC DUTCH AUCTIONS AND CENTIPEDE GAMES
by
Cox, James C.
, James, Duncan
in
Applications
/ Auction theory
/ Auctions
/ Auktionstheorie
/ Bidding
/ Bids
/ centipede games
/ Combinatorics
/ Combinatorics. Ordered structures
/ Dutch auctions
/ dynamic structure
/ Economic games
/ Economic models
/ Economic theory
/ Exact sciences and technology
/ Experiment
/ Experiment design
/ Experimental economics
/ Experimental games
/ Game theory
/ Games
/ Graph theory
/ Information economics
/ institutional format
/ Institutionenökonomik
/ Insurance, economics, finance
/ Literature
/ Mathematics
/ Nash equilibrium
/ Notes and Comments
/ Parameterization
/ Probability and statistics
/ Sciences and techniques of general use
/ Spieltheorie
/ Statistics
/ Studies
/ Test
/ Theorie
/ Trees
2012
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CLOCKS AND TREES: ISOMORPHIC DUTCH AUCTIONS AND CENTIPEDE GAMES
by
Cox, James C.
, James, Duncan
in
Applications
/ Auction theory
/ Auctions
/ Auktionstheorie
/ Bidding
/ Bids
/ centipede games
/ Combinatorics
/ Combinatorics. Ordered structures
/ Dutch auctions
/ dynamic structure
/ Economic games
/ Economic models
/ Economic theory
/ Exact sciences and technology
/ Experiment
/ Experiment design
/ Experimental economics
/ Experimental games
/ Game theory
/ Games
/ Graph theory
/ Information economics
/ institutional format
/ Institutionenökonomik
/ Insurance, economics, finance
/ Literature
/ Mathematics
/ Nash equilibrium
/ Notes and Comments
/ Parameterization
/ Probability and statistics
/ Sciences and techniques of general use
/ Spieltheorie
/ Statistics
/ Studies
/ Test
/ Theorie
/ Trees
2012
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Do you wish to request the book?
CLOCKS AND TREES: ISOMORPHIC DUTCH AUCTIONS AND CENTIPEDE GAMES
by
Cox, James C.
, James, Duncan
in
Applications
/ Auction theory
/ Auctions
/ Auktionstheorie
/ Bidding
/ Bids
/ centipede games
/ Combinatorics
/ Combinatorics. Ordered structures
/ Dutch auctions
/ dynamic structure
/ Economic games
/ Economic models
/ Economic theory
/ Exact sciences and technology
/ Experiment
/ Experiment design
/ Experimental economics
/ Experimental games
/ Game theory
/ Games
/ Graph theory
/ Information economics
/ institutional format
/ Institutionenökonomik
/ Insurance, economics, finance
/ Literature
/ Mathematics
/ Nash equilibrium
/ Notes and Comments
/ Parameterization
/ Probability and statistics
/ Sciences and techniques of general use
/ Spieltheorie
/ Statistics
/ Studies
/ Test
/ Theorie
/ Trees
2012
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CLOCKS AND TREES: ISOMORPHIC DUTCH AUCTIONS AND CENTIPEDE GAMES
Journal Article
CLOCKS AND TREES: ISOMORPHIC DUTCH AUCTIONS AND CENTIPEDE GAMES
2012
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Overview
We report an experiment on effects of varying institutional format and dynamic structure of centipede games and Dutch auctions. Centipede games with a clock format unravel, as predicted by theory but not reported in previous literature on two-player tree-format centipede games. Dutch auctions with a tree format produce bids close to risk neutral Nash equilibrium bids, unlike previous literature on clock-format Dutch auctions. Our data provide a new, expanded set of stylized facts which may provide a foundation for unified modeling of play in a class of games that includes centipede games and Dutch auctions.
Publisher
Econometric Society,Blackwell Publishing Ltd,Wiley-Blackwell
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