Asset Details

  • Description:
  • Bids and Expectations Notes.The top panel shows median expectations over median bids. In a treatment where expectations would match bids exactly the graph would show five line segments on the 45° line. The bottom panel shows the relative frequency of bids equalling expectations. Large frequencies of bidders with the bids identical to expectations might suggest that bidders simply copy their bids to their expectations.
  • License:
  • Rights Managed
  • Rights Holder:
  • John Wiley & Sons, Inc.
  • License Rights Holder:
  • © 2011 The Author(s). The Economic Journal © 2011 Royal Economic Society
  • Asset Type:
  • Image
  • Asset Subtype:
  • Chart/Graph
  • Image Orientation:
  • Portrait
  • Image Dimensions:
  • 372 x 793
  • Image File Size:
  • 31 KB
  • Creator:
  • Oliver Kirchkamp, J. Philipp Reiß
  • Credit:
  • Kirchkamp, O., & Reiß, J. P. (2011). Out‐Of‐Equilibrium Bids in First‐Price Auctions: Wrong Expectations or Wrong Bids*. The Economic Journal, 121(557), 1361-1397. https://doi.org/10.1111/j.1468-0297.2011.02455.x.
  • Collection:
  • Keywords:
  • Restrictions:
  • Property Release:
  • No
  • Model Release:
  • No
  • Purchasable:
  • Yes
  • Sensitive Materials:
  • No
  • Article Authors:
  • Oliver Kirchkamp, J. Philipp Reiß
  • Article Copyright Year:
  • 2011
  • Publication Volume:
  • 121
  • Publication Issue:
  • 557
  • Publication Date:
  • 12/01/2011
  • DOI:
  • https://doi.org/10.1111/j.1468-0297.2011.02455.x

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