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We analyze the implications of different pricing rules in discrete clock auctions. The two most common pricing rules are highest-rejected bid (HRB) and lowest-accepted bid (LAB). Under HRB, the wi...
This is an experiment in the economics of market decision-making. The National Science Foundation has provided funds for conducting this research.This experiment consists of two parts and is expected ...
We use a second-price common-value auction, called the maximal game, to experimentally study whether the winner’s curse (WC) can be explained by models which retain best-response behavior but allow fo...
By adopting the scenario experimental methodology of carbon labelling on agri-food products, coupled with 873 questionnaires collected from six cities in China, we made a statistical analysis of di&...

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