Econ 191AU
Announcements:
As always please go
to http://econ.ucsb.edu/~garratt/bids/
to enter your values and bids for the latest experiement!
Here are the sample questions for the midterm and final.
Sample Questions: Midterm, Final
Most, but not all, of the questions on the final will come from these problems. Feel free to work on answers with friends. If you have trouble with any of the problems ask me for help.
Lecture Notes (Protected by Copyright):
Chapter 3, Chapter 4, Chapter 5
Slides
Intro
to Auction Theory
Experiment 1: SPA 2 bidder, SPA 5 bidder, SPA 2 bidder $50 reserve, SPA 2 bidder $25 entry fee
Experiment 2: FPA 2 bidder, FPA 5 bidder, FPA 2 bidder $50 reserve, FPA 2 bidder $25 entry fee
Average Revenue for Experiments 1 and 2
Individual bid functions 2 bidder FPA, Individual bid functions 5 bidder FPA
Common Value Auctions: All Pay Auction Lecture
Experiment 3: All pay cdfs
Experiment 4: 2 bidder penny jar, 48 bidder penny jar
Reserve Price Experiment: 2 bidder, V=0 and V=30 , 5 bidder, V=0 and V=30, 2 and 5 bidder, V=0, 2 and 5 bidder, V=30, reserve saliency plot V=0, reserve saliency plot V=30
Bid Against the Machine: FPA bidder expected payoff as function of bid
Assignments
Assignment
1, Assignment 2
Articles
Ideal
Bootstrapping and Exact Recombination (Bergstrom and Garratt)