Accession Number:

ADA512278

Title:

Bidding Behavior in a Multi-attribute First-price Auction

Descriptive Note:

Technical rept. 1 Oct 2002-30 Sep 2004

Corporate Author:

NAVY PERSONNEL RESEARCH STUDIES AND TECHNOLOGY MILLINGTON TN

Report Date:

2010-01-01

Pagination or Media Count:

23.0

Abstract:

This research examines bidding behavior in a sealed bid first price multi-attribute auction environment. The auction environment is designed to allow subjects to bid on multiple attributes, where an attribute is analogous to a component of a compensation package. Preliminary findings in base case experiments reveal that over successive rounds bids converge to subjects reserve price, independent of the number of sellers in a market.

Subject Categories:

  • Economics and Cost Analysis
  • Psychology
  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE