期刊名称：Discussion Paper Series / Department of Economics, New York University
出版年度：2006
卷号：1
出版社：New York University
摘要：This paper studies experimentally how information about rivals' types a®ects
bidding behavior in ¯rst- and second-price auctions. The comparative static hy-
potheses associated with information about rivals enables us to test the relevance
of such information as well as the general predictions of the auction theory, by
providing an e®ective means to control for risk aversion and other behavioral mo-
tives that were di±cult to control for in previous experiments. Our experimental
evidence provides strong support for the theory, and sheds light on the roles of
risk aversion and the spite motive in ¯rst- and second-price auctions, respectively.
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