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The Effect of Shill Bidding upon Prices: Experimental Evidence

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The Effect of Shill Bidding upon Prices: Experimental Evidence. / Kosmopoulou, Georgia; De Silva, Dakshina G.
In: International Journal of Industrial Organization, Vol. 25, No. 2, 04.2007, p. 291-313.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Kosmopoulou, G & De Silva, DG 2007, 'The Effect of Shill Bidding upon Prices: Experimental Evidence', International Journal of Industrial Organization, vol. 25, no. 2, pp. 291-313. https://doi.org/10.1016/j.ijindorg.2006.05.002

APA

Kosmopoulou, G., & De Silva, D. G. (2007). The Effect of Shill Bidding upon Prices: Experimental Evidence. International Journal of Industrial Organization, 25(2), 291-313. https://doi.org/10.1016/j.ijindorg.2006.05.002

Vancouver

Kosmopoulou G, De Silva DG. The Effect of Shill Bidding upon Prices: Experimental Evidence. International Journal of Industrial Organization. 2007 Apr;25(2):291-313. doi: 10.1016/j.ijindorg.2006.05.002

Author

Kosmopoulou, Georgia ; De Silva, Dakshina G. / The Effect of Shill Bidding upon Prices: Experimental Evidence. In: International Journal of Industrial Organization. 2007 ; Vol. 25, No. 2. pp. 291-313.

Bibtex

@article{15848cb5d307490db7f6178654c51a04,
title = "The Effect of Shill Bidding upon Prices: Experimental Evidence",
abstract = "This paper explores, through a series of experiments, the effect of shill bidding upon revenues and prices in auctions. We study the practice of shill bidding in a common value framework. Our findings are consistent with the prediction that, if bidders are aware of the possibility of seller participation in an auction, profits will be reduced on average. We also study factors that affect bidder and seller participation decisions. Shill bidding can alleviate the problem of the winner's curse by lowering the price and it can, thus, provide benefits to bidders.",
keywords = "Shill Bidding, Auctions, Entry",
author = "Georgia Kosmopoulou and {De Silva}, {Dakshina G.}",
year = "2007",
month = apr,
doi = "10.1016/j.ijindorg.2006.05.002",
language = "English",
volume = "25",
pages = "291--313",
journal = "International Journal of Industrial Organization",
publisher = "Elsevier Inc.",
number = "2",

}

RIS

TY - JOUR

T1 - The Effect of Shill Bidding upon Prices: Experimental Evidence

AU - Kosmopoulou, Georgia

AU - De Silva, Dakshina G.

PY - 2007/4

Y1 - 2007/4

N2 - This paper explores, through a series of experiments, the effect of shill bidding upon revenues and prices in auctions. We study the practice of shill bidding in a common value framework. Our findings are consistent with the prediction that, if bidders are aware of the possibility of seller participation in an auction, profits will be reduced on average. We also study factors that affect bidder and seller participation decisions. Shill bidding can alleviate the problem of the winner's curse by lowering the price and it can, thus, provide benefits to bidders.

AB - This paper explores, through a series of experiments, the effect of shill bidding upon revenues and prices in auctions. We study the practice of shill bidding in a common value framework. Our findings are consistent with the prediction that, if bidders are aware of the possibility of seller participation in an auction, profits will be reduced on average. We also study factors that affect bidder and seller participation decisions. Shill bidding can alleviate the problem of the winner's curse by lowering the price and it can, thus, provide benefits to bidders.

KW - Shill Bidding

KW - Auctions

KW - Entry

U2 - 10.1016/j.ijindorg.2006.05.002

DO - 10.1016/j.ijindorg.2006.05.002

M3 - Journal article

VL - 25

SP - 291

EP - 313

JO - International Journal of Industrial Organization

JF - International Journal of Industrial Organization

IS - 2

ER -