Titlebook: Experimental Business Research; Volume II: Economic Amnon Rapoport,Rami Zwick Conference proceedings 2005 Springer-Verlag US 2005 Manageme

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Experimental Evidence on the Endogenous Entry of Bidders in Internet Auctions,h a deterministic equilibrium. Third, the data reject the prediction that the profit-maximizing reserve price is greater than or equal to the auctioneer’s salvage value for the good, showing instead that a zero reserve price provides higher expected profits in this case.

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