Three experimental studies on the design of contests and auctions
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Yang Liu Thesis
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Available under License Creative Commons Attribution Non-commercial No Derivatives 4.0. |
Description
This thesis uses the experimental method to examine how the design of contests and auctions affects the welfare of the organizer and the participants. Chapter 2 indicates that a contest organizer should disclose the number of contestants only when the cost of effort is concave. Chapter 3 shows that increasing competitiveness in a tournament by adding contestants, removing top prizes, or making prizes more unequal increases participants’ risk-taking and the skewness of the risk choice. Chapter 4 finds that indicative bidding can increase auction revenue by encouraging more bidders to participate. These findings can be used to inform future policymaking.
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| ID Code: | 209640 |
|---|---|
| Item Type: | QUT Thesis (PhD) |
| Supervisor: | Ke, Changxia, Kubitz, Gregory, & Clements, Adam |
| Keywords: | Tullock contest, Information disclosure, Rank-order tournament, Two-stage auction, Experiment, Endogenous entry, Risk-taking |
| DOI: | 10.5204/thesis.eprints.209640 |
| Divisions: | Current > QUT Faculties and Divisions > Faculty of Business & Law Current > Schools > School of Economics & Finance |
| Institution: | Queensland University of Technology |
| Deposited On: | 04 May 2021 00:12 |
| Last Modified: | 04 May 2021 00:12 |
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