Authors
James C Cox, Vernon L Smith, James M Walker
Publication date
1984/9
Journal
The Journal of Finance
Volume
39
Issue
4
Pages
983-1010
Publisher
Blackwell Publishing Ltd
Description
This paper reports the results of controlled experiments designed to test the Harris‐Raviv generalization of the Vickrey theory of bidding in multiple unit discriminative auctions. The paper also discusses further development of the theory—in a way suggested by the experimental results—to include bidders with distinct risk preferences.
Total citations
Scholar articles
JC Cox, VL Smith, JM Walker - The Journal of Finance, 1984