{"id":"https://openalex.org/W2271362578","doi":"https://doi.org/10.1017/cbo9780511528354.009","title":"Bidding and Auctioning Institutions: Experimental Results","display_name":"Bidding and Auctioning Institutions: Experimental Results","publication_year":1991,"publication_date":"1991-11-29","ids":{"openalex":"https://openalex.org/W2271362578","doi":"https://doi.org/10.1017/cbo9780511528354.009","mag":"2271362578"},"language":"en","primary_location":{"id":"doi:10.1017/cbo9780511528354.009","doi":"https://doi.org/10.1017/cbo9780511528354.009","is_oa":false,"landing_page_url":"https://doi.org/10.1017/cbo9780511528354.009","pdf_url":null,"source":{"id":"https://openalex.org/S4306462995","display_name":"Cambridge University Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Papers in Experimental Economics","raw_type":"book-chapter"},"volume":{"id":"https://openalex.org/W2105963964","display_name":"Papers in Experimental Economics"},"type":"book-chapter","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5103236865","display_name":"Vernon L. Smith","orcid":"https://orcid.org/0000-0002-0890-9740","observed_orcids":["https://orcid.org/0000-0002-0890-9740","https://orcid.org/0000-0001-7917-1870"]},"institutions":[{"id":"https://openalex.org/I138006243","display_name":"University of Arizona","ror":"https://ror.org/03m2x1q45","country_code":"US","type":"education","lineage":["https://openalex.org/I138006243"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Vernon L. Smith","raw_affiliation_strings":["University of Arizona"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Arizona","institution_ids":["https://openalex.org/I138006243"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5103236865"],"corresponding_institution_ids":["https://openalex.org/I138006243"],"apc_list":null,"apc_paid":null,"fwci":6.8336,"has_fulltext":false,"cited_by_count":53,"citation_normalized_percentile":{"value":0.97169811,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":94},"biblio":{"volume":null,"issue":null,"first_page":"106","last_page":"127"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.9761000275611877,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.9761000275611877,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":0.019899999722838402,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/bidding","display_name":"bidding","score":0.4729999899864197},{"id":"https://openalex.org/keywords/auctioning","display_name":"auctioneering","score":0.8240000009536743},{"id":"https://openalex.org/keywords/market-institutions","display_name":"market institutions","score":0.5989999771118164},{"id":"https://openalex.org/keywords/market-structure","display_name":"market structure","score":0.7590000033378601},{"id":"https://openalex.org/keywords/personal-values","display_name":"personal values","score":0.6489999890327454},{"id":"https://openalex.org/keywords/supply-and-demand","display_name":"supply and demand","score":0.6890000104904175},{"id":"https://openalex.org/keywords/equilibrium","display_name":"equilibrium","score":0.3449999988079071},{"id":"https://openalex.org/keywords/price-dynamics","display_name":"price dynamics","score":0.5460000038146973},{"id":"https://openalex.org/keywords/contract-formation","display_name":"contract formation","score":0.4320000112056732},{"id":"https://openalex.org/keywords/experimental-markets","display_name":"experimental markets","score":0.3630000054836273}],"concepts":[{"id":"https://openalex.org/C9233905","wikidata":"https://www.wikidata.org/wiki/Q3276328","display_name":"Bidding","level":2,"score":0.942557692527771},{"id":"https://openalex.org/C33566652","wikidata":"https://www.wikidata.org/wiki/Q1065927","display_name":"Theme (computing)","level":2,"score":0.6456535458564758},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.518237829208374},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.48194050788879395},{"id":"https://openalex.org/C12426560","wikidata":"https://www.wikidata.org/wiki/Q189569","display_name":"Basis (linear algebra)","level":2,"score":0.44843050837516785},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4269440174102783},{"id":"https://openalex.org/C163239763","wikidata":"https://www.wikidata.org/wiki/Q5153637","display_name":"Common value auction","level":2,"score":0.42242205142974854},{"id":"https://openalex.org/C42475967","wikidata":"https://www.wikidata.org/wiki/Q194292","display_name":"Operations research","level":1,"score":0.4200326204299927},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.39530834555625916},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3676198422908783},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3409695625305176},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3236779570579529},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.2060857117176056},{"id":"https://openalex.org/C136764020","wikidata":"https://www.wikidata.org/wiki/Q466","display_name":"World Wide Web","level":1,"score":0.08271244168281555},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.057695478200912476}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1017/cbo9780511528354.009","doi":"https://doi.org/10.1017/cbo9780511528354.009","is_oa":false,"landing_page_url":"https://doi.org/10.1017/cbo9780511528354.009","pdf_url":null,"source":{"id":"https://openalex.org/S4306462995","display_name":"Cambridge University Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Papers in Experimental Economics","raw_type":"book-chapter"},{"id":"pmh:oai:authors.library.caltech.edu:82812","doi":null,"is_oa":false,"landing_page_url":"https://authors.library.caltech.edu/82812/","pdf_url":null,"source":{"id":"https://openalex.org/S4306402161","display_name":"CaltechAUTHORS (California Institute of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I122411786","host_organization_name":"California Institute of Technology","host_organization_lineage":["https://openalex.org/I122411786"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Report or Paper"},{"id":"pmh:oai:authors.library.caltech.edu:83480","doi":null,"is_oa":false,"landing_page_url":"https://resolver.caltech.edu/CaltechAUTHORS:20171127-165044916","pdf_url":null,"source":{"id":"https://openalex.org/S4306402161","display_name":"CaltechAUTHORS (California Institute of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I122411786","host_organization_name":"California Institute of Technology","host_organization_lineage":["https://openalex.org/I122411786"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Book Section"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":2,"referenced_works":["https://openalex.org/W2042494838","https://openalex.org/W2067637458"],"related_works":["https://openalex.org/W2181015734","https://openalex.org/W1518505391","https://openalex.org/W2025081850","https://openalex.org/W2139298240","https://openalex.org/W2043465083","https://openalex.org/W1941681584","https://openalex.org/W3148073606","https://openalex.org/W1973830640","https://openalex.org/W2067637458","https://openalex.org/W4321266602"],"abstract_inverted_index":{"Among":[0],"the":[1,15,33,66,73,115,123,143,157,177,189,211],"laboratory":[2],"experimental":[3,69,90],"studies":[4],"of":[5,17,23,27,36,43,68,78,89,136,146,150,179,191,201],"market":[6,54,79,91,102,108,202,220],"price":[7,80,227],"behavior":[8,81],"there":[9],"are":[10,112],"numerous":[11],"experiments":[12,49,109,203],"designed":[13],"on":[14,210],"basis":[16],"various":[18],"bidding":[19],"and":[20,46,52,75,97,118,126,148,165,182,184,216,219],"auctioning":[21],"processes":[22],"allocation.":[24],"The":[25,134],"theme":[26],"this":[28,37],"conference":[29],"will":[30],"serve":[31],"as":[32,114,142,207],"organizing":[34],"principle":[35],"paper":[38],"which":[39,153],"presents":[40],"a":[41],"summary":[42],"several":[44],"published":[45],"previously":[47],"unpublished":[48],"in":[50,188],"auction":[51],"sealed-bid":[53],"behavior.":[55,132],"VALUES,":[56],"INSTITUTIONS":[57],"AND":[58],"MARKET":[59],"STRUCTURE":[60],"AS":[61],"TREATMENT":[62],"VARIABLES":[63],"In":[64,105],"discussing":[65],"use":[67],"methods":[70],"to":[71,85,100],"determine":[72],"equilibrium":[74],"dynamic":[76],"properties":[77],"it":[82],"is":[83,140,174],"helpful":[84],"distinguish":[86],"three":[87],"classes":[88],"\u201ctreatment\u201d":[92],"variables:":[93],"A.":[94],"Individual":[95],"values":[96,103,111,214],"their":[98,185],"aggregation":[99],"form":[101,166],".":[104,138,172],"isolated":[106],"single-commodity":[107],"such":[110],"defined":[113,141,175],"individual":[116,160],"supply":[117,125,195],"demand":[119,127,193],"schedules,":[120],"or":[121,194],"simply":[122],"aggregate":[124],"conditions":[128],"that":[129],"bound":[130],"price-quantity":[131,223],"B.":[133],"institution":[135],"contract":[137],"This":[139,173],"entire":[144],"set":[145,200],"rules":[147],"procedures":[149],"an":[151],"experiment":[152],"taken":[154],"together":[155],"specify":[156],"process":[158],"whereby":[159],"subjects":[161],"communicate,":[162],"exchange":[163],"information,":[164],"binding":[167],"contracts.":[168],"C.":[169],"Market":[170],"structure":[171,221],"by":[176],"number":[178],"participants":[180],"(buyers":[181],"sellers)":[183],"relative":[186,192],"\u201cpower\u201d":[187],"sense":[190],"(cost)":[196],"capacity.":[197],"A":[198],"complete":[199],"can":[204],"be":[205],"viewed":[206],"providing":[208],"observations":[209],"mapping":[212],"from":[213],"(supply":[215],"demand),":[217],"institutions":[218],"into":[222],"outcomes":[224],"(price":[225],"levels,":[226],"trajectories,":[228],"quantities":[229],"exchanged).":[230]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}